Updated Oct 29, 2024
Brooklyn Cos. Acquires Koreatown Apartment Building For $11.3M
240 South Western Avenue, Koreatown, Los Angeles, CA, USA
$11,300,000
$251/SF
Building Size
45,000 SF
Asset Type
Other
Closing
Aug 30, 2018
About this deal
AI
An apartment building located at 240 S Western Ave in Koreatown, LA has been sold in a recent transaction. The property, consisting of 54 units, covers a total area of 45,000 square feet. The sale price for this apartment building was $11,300,000, equating to a price per square foot of $251. The buyer of this property is The Brooklyn Cos., represented by Noel Hyun and Philip Hyun. The seller in this transaction is the Laramar Group.
Summary of transaction details
- Property Type: Apartment Building
- Transaction Amount: $11,300,000
- Square footage: 45,000
- Address: 240 S Western Ave
- Market: Koreatown
- City: LA
- Price per square foot: $251
- Number of units: 54
- Price per unit: $208,000
- Buyer: The Brooklyn Cos., Noel Hyun and Philip Hyun
- Seller: Laramar Group
No additional information is available about this transaction.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.40%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93