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5110 Whitsett Avenue, Valle...

Sam Navid Sells 15-Unit Condo Complex On Whitsett Ave. In Los Angeles For $15.2M
SOLD

Sam Navid Sells 15-Unit Condo Complex On Whitsett Ave. In Los Angeles For $15.2M

5110 Whitsett Avenue, Valley Village, CA 91607, USA

$15,220,000

$485/SF

Building Size

31,350 SF

Asset Type

Closing

Aug 9, 2020

AI

A condo located at 5110 Whitsett Ave in Los Angeles has been sold in a successful transaction. The property, consisting of 15 units with a total square footage of 31,350, was sold for a price of $15,220,000. The sale price per square foot was $485, reflecting the market value of the condo.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $15,220,000
  • Units: 15
  • Square Footage: 31,350

The seller of the condo was Sam Navid, who entrusted the deal to the expertise of brokers Daniel Eliyahou, AllCashNoContingencies, and Adi_Livyatan of Rodeo Realty. Their combined efforts contributed to the successful sale of the property.

Players

Adi Livyatan

Rodeo Realty

Broker

$56.4M

vol

5 deals

Broker

Valley Village CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.04%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93