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8823 S Figueroa St

Ranjodh Singh Purchases Multifamily Property From Ashley Kim For $1.425M In Los Angeles
SOLDMultiFamily

Ranjodh Singh Purchases Multifamily Property From Ashley Kim For $1.425M In Los Angeles

8823 S Figueroa St

$1,425,000

$262/SF

Building Size

5,424 SF

Asset Type

MultiFamily

Closing

Sep 12, 2024

AI

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.

Players

Chase Simonton

Re/Max

Broker

$142.5M

vol

45 deals

Broker

Ranjodh Singh

Buyer
Buyer
Ashley Kim

Ashley Kim

Seller

$3.5M

vol

2 deals

Seller

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

11.13%

Cash-on-Cash

-3.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93