Joseph Nankin Sells Koreatown Apartment Building For $4.4M With Broker Sean Rosenzweig
SOLD
$4,410,000
California
See Similar DealsOther9,932 SF
Sold
SOLD
Joseph Nankin Sells Koreatown Apartment Building For $4.4M With Broker Sean Rosenzweig
519 South Westmoreland Avenue, Los Angeles, CA, USA
See Similar DealsOther9,932 SF
Sold
Summary
CALIFORNIA
Asset Type:Other
Price Per Square Foot:$444
Total Square Footage:9932 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$235,200.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,667.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,905.65
Annual Debt Service$250,867.80
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