Ranjodh Singh Purchases Multifamily Property From Ashley Kim For $1.425M In Los Angeles
SOLD
$1,425,000
California
See Similar DealsMultiFamily5,424 SF
Sold 09/12/2024
SOLD
Ranjodh Singh Purchases Multifamily Property From Ashley Kim For $1.425M In Los Angeles
8823 S Figueroa St
See Similar DealsMultiFamily5,424 SF
Sold 09/12/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$262
Total Square Footage:5,424 SF
Transaction Type:Sale
The property involved in this transaction is a MultiFamily asset located at 8823 S Figueroa St in the Los Angeles market. The sale price for this property was $1,425,000.00, and it encompasses a spacious total square footage of 5,424.0 square feet.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,425,000.00
- Address: 8823 S Figueroa St
- Market: Los Angeles
- Square Footage: 5,424.0
- Buyer: Ranjodh Singh
- Seller: Ashley Kim
- Brokers: Chase Simonton - Re/Max, Robert Carlile - Re/Max
- Sale Date: 09/12/2024
Key individuals involved in this transaction include the buyer, Ranjodh Singh, and the seller, Ashley Kim. The deal was represented by brokers Chase Simonton and Robert Carlile, both from Re/Max, who facilitated the agreement between the two parties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$76,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,062.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,755.23
Annual Debt Service$81,062.72
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