SOLDOther
Joseph Nankin Sells Koreatown Apartment Building For $4.4M With Broker Sean Rosenzweig
519 South Westmoreland Avenue, Los Angeles, CA, USA
$4,410,000
$444/SF
Building Size
9,932 SF
Asset Type
Other
Closing
Apr 18, 2019
AI
An apartment building located at 519 S Westmoreland Ave in Koreatown has been sold for $4,410,000. The property spans 9,932 square feet, resulting in a price per square foot of $444. The transaction took place on April 19, 2019.
Summary of transaction details:
- Property Type: Apartment Building
- Transaction Amount: $4,410,000
- Square Footage: 9,932
- Price per Square Foot: $444
- Address: 519 S Westmoreland Ave
- Market: Koreatown
The seller of the apartment building is Joseph Nankin. The deal was facilitated by broker Sean Rosenzweig.
Los Angeles Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.60%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93