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906 E Imperial Ave

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

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

Chase Simonton

Re/Max

Broker

$142.5M

vol

45 deals

Broker

JOSEPH T. KUNG

Buyer
Buyer

Josh Carpenter

Seller
Seller

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