Updated Oct 28, 2024
Jerry Walsh Acquires 115-Unit Multifamily Property In Koreatown For $20M
974 South Gramercy Place, Los Angeles, CA 90019
$20,000,000
Units
115
Asset Type
MultiFamily
Closing
Jun 15, 2020
About this deal
AI
A multifamily property located at 974 S. Gramercy Pl. & 960 S. Oxford St. in Koreatown has been sold for a price of $20,000,000. The transaction took place on June 15, 2021. The property consists of 115 units, resulting in a price per unit of $173,913.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $20,000,000
- Address: 974 S. Gramercy Pl. & 960 S. Oxford St.
- Market: Koreatown
- Units: 115
- Price Per Unit: $173,913
Jerry Walsh has acquired the property from Safco Capital, represented by John Safi. Andrew Gharibian, who represented both the buyer and the seller, facilitated the deal.
On the Map
$20,000,000
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93