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Joseph T. Kung Acquires MultiFamily Asset In El Segundo From Josh Carpenter For $2.16M

Property Image
SOLD
$2,160,000
Robert Carlile

California

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MultiFamily4,624 SF
Sold 11/08/2021
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Property Image
SOLD

Joseph T. Kung Acquires MultiFamily Asset In El Segundo From Josh Carpenter For $2.16M

906 E Imperial Ave

See Similar Deals
MultiFamily4,624 SF
Sold 11/08/2021
Robert Carlile
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$467
Total Square Footage:4,624 SF
Transaction Type:Sale

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

Chase Simonton
45 deals$142.5M volume(310) 383-5927
BROKER

Robert Carlile
Re/Max
9 deals$26.7M volume(310) 853-3016
BROKER

Details

SOLD
IMAGE: 11/08/2021 ADDRESS: 906 E Imperial Ave MARKET: El Segundo ASSET TYPE: MultiFamily BROKERS: Chase Simonton(Re/Max), Robert Carlile(Re/Max), Ryan Morehead() BUYER: JOSEPH T. KUNG SELLER: Josh Carpenter PRICE: $2,160,000.00 SF: 4624.0

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,674.02
Cash-on-Cash Return-1.27%
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