SOLD
Jennifer Sotelo & Tony Azzi Acquire Multifamily Property In Koreatown For $12.24M
134 North Mariposa Avenue
MultiFamily
35,216 SF
35,216 SF
Summary
Sale
CALIFORNIA
MultiFamily
35,216 sqft
The multifamily property located at 134 North Mariposa Avenue in Koreatown has been sold for $12,240,000. The property consists of 44 units with an average price per unit of $278,182. The total square footage of the property is 35,216, and the price per square foot is $347. The Gross Rent Multiplier (GRM) for the property is 14.18x, and the Capitalization Rate (CAP) is 3.44%.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $12,240,000
- Units: 44
- Price Per Unit: $278,182
- Square Footage: 35,216
- Price Per Square Foot: $347
- Gross Rent Multiplier (GRM): 14.18x
- Capitalization Rate (CAP): 3.44%
The seller of the property was David F. Freeman, and the buyer was represented by Jennifer Sotelo & Tony Azzi. David Leibowitz & Sev Amranyan served as the seller's representatives in the transaction.
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Details
SOLD
IMAGE: Jennifer Sotelo & Tony Azzi
DATE: 08/05/2021
ADDRESS: 134 North Mariposa Avenue
MARKET: Koreatown
ASSET TYPE: Multifamily
SELLER: David F. Freeman
BUYER’S REP: Jennifer Sotelo (@JenjoySo) & Tony Azzi (@TonyAzzi1)
SELLER'S REP: David Leibowitz (@DavidLeibowitz) & Sev Amranyan (@SevAmranyan)
SALE PRICE: $12,240,000
UNITS: 44 ~ PPU: $278,182
SF: 35,216 ~ PPSF: $347
GRM: 14.18x
CAP: 3.44%View on map
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Address134 North Mariposa Avenue
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