Joseph T. Kung Acquires MultiFamily Asset In El Segundo From Josh Carpenter For $2.16M
906 E Imperial Ave
$2,160,000
$467/SF
Building Size
4,624 SF
Asset Type
MultiFamily
Closing
Nov 8, 2021
AI
The property asset involved in the transaction is a MultiFamily unit located at 906 E Imperial Ave in the El Segundo market. The sale price for the property was $2,160,000.00, and it encompasses a total square footage of 4,624.0 SF.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $2,160,000.00
- Address: 906 E Imperial Ave
- Market: El Segundo
- Square Footage: 4,624.0 SF
- Buyer: JOSEPH T. KUNG
- Seller: Josh Carpenter
- Brokers: Chase Simonton (Re/Max), Robert Carlile (Re/Max), Ryan Morehead
The key individuals involved in this transaction include the buyer, JOSEPH T. KUNG, and the seller, Josh Carpenter. The transaction was facilitated by brokers Chase Simonton and Robert Carlile from Re/Max, with Ryan Morehead also involved in the deal.
Players
El Segundo 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
7.34%
Cash-on-Cash
-2.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93