Jason Katz Acquires 12-Unit Multifamily In Koreatown For $2.3M

A multifamily property located at 941 S. Catalina St. in Koreatown has been sold in a recent transaction. The property consists of 12 units with a total square footage of 10,086. The asking price for the property was $2,250,000, and it was ultimately sold for $2,325,000, indicating an increase in value. The price per unit (PPU) was $193,750, and the price per square foot (PPSF) was $230. The property has a capitalization rate (CAP) of 3.05%, which reflects its potential for generating income.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,325,000
• Units: 12
• Square Footage: 10,086
• Asking Price: $2,250,000
• Price per Unit (PPU): $193,750
• Price per Square Foot (PPSF): $230
• Capitalization Rate (CAP): 3.05%

The buyer of the property is Jason Katz, while the sellers are Mark Licano and Richard Licano. Representing the buyer and seller in this transaction were brokers Jason Tuvia and Josh Yeager. Their expertise and negotiation skills played a crucial role in finalizing the deal. The transaction took place on July 26, 2021, marking a successful real estate transaction in Koreatown.