Joseph T. Kung Acquires MultiFamily Asset In El Segundo From Josh Carpenter For $2.16M
SOLD
$2,160,000
California
See Similar DealsMultiFamily4,624 SF
Sold 11/08/2021
SOLD
Joseph T. Kung Acquires MultiFamily Asset In El Segundo From Josh Carpenter For $2.16M
906 E Imperial Ave
See Similar DealsMultiFamily4,624 SF
Sold 11/08/2021
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$115,200.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,674.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,239.50
Annual Debt Service$122,874.02
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