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839 South Saint Andrew's Pl...

Peter Larsen Acquires 31-Unit Multifamily Property In Koreatown For $6M
SOLDMultiFamily

Peter Larsen Acquires 31-Unit Multifamily Property In Koreatown For $6M

839 South Saint Andrew's Place, Los Angeles, California 90005, United States

$6,000,000

$279/SF

Building Size

21,456 SF

Asset Type

MultiFamily

Closing

Apr 14, 2022

AI

The multifamily property located at 839 S. St. Andrews Pl. in Koreatown has been sold for $6,000,000. The property consists of 31 units, with each unit having a price per unit (PPU) of $193,548. The total square footage of the property is 21,456, resulting in a price per square foot (PPSF) of $279.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $6,000,000
  • Address: 839 S. St. Andrews Pl.
  • Market: Koreatown

The buyer of the property is Peter Larsen, while the sellers are Kami Younesi and Brandon Younesi. The deal was facilitated by brokers Michael Sterman, Elliot Sabag, and Jeff Louks from Marcus & Millichap.

Players

Jeff Louks

Marcus & Millichap

Broker

$337.6M

vol

33 deals

Broker

Peter Larsen

Buyer

$11.4M

vol

2 deals

Buyer

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.64%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93