SOLD
Peter Kim Acquires Multifamily Property In Eagle Rock For $1.85M
2244 Addison Way
MultiFamily
4,354 SF
4,354 SF
Sold 1 year ago
Summary
Sale
CALIFORNIA
MultiFamily
4,354 sqft
A multifamily property located at 2244 Addison Way in Eagle Rock was recently sold for a price of $1,850,000. The property consists of 8 units with a total square footage of 4,354. The sale price per unit was $231,250 and the price per square foot was $425. The Gross Rent Multiplier (GRM) for the property was 14.09x, and the Capitalization Rate (CAP) was 4.53%. The property was sold by the Botezatu Trust to the buyer, Peter Kim.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,850,000
- Address: 2244 Addison Way
- Market: Eagle Rock
The sale of this multifamily property was facilitated by broker Dana Coronado from KW Commercial, who represented both the buyer, Peter Kim, and the seller, Botezatu Trust. Dana Coronado is affiliated with InCome Properties LA.
Players
All
2
Agents
1
Agencies
1
Details
SOLD
IMAGE: Dana Coronado
DATE: 05/13/2021
ADDRESS: 2244 Addison Way
MARKET: Eagle Rock
ASSET TYPE: Multifamily
BUYER: Peter Kim
SELLER: Botezatu Trust
BROKER: Dana Coronado @DanaCoronadoInComePropertiesLA - KW Commercial
ASKING PRICE: $1,849,000
SALE PRICE: $1,850,000
UNITS: 8 ~ PPU: $231,250
SF: 4,354 ~ PPSF: $425
GRM: 14.09x
CAP: 4.53%View on map
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Address2244 Addison Way
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