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8871 Burton Way, Los Angele...

Sepi And Farshad Shakib Acquire West Hollywood Condo From Kenneth Karlan For $1.25M
SOLD

Sepi And Farshad Shakib Acquire West Hollywood Condo From Kenneth Karlan For $1.25M

8871 Burton Way, Los Angeles, California 90048, United States

$1,250,000

$688/SF

Building Size

1,816 SF

Asset Type

Closing

Jan 4, 2022

AI

A 1,816 square foot condo located at 8871 Burton Way in West Hollywood was recently sold for $1,250,000. The property was purchased by Sepi and Farshad Shakib from Kenneth Karlan. The sale was facilitated by Nava Lavian from Truline Realty, who represented both the buyer and the seller.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $1,250,000
  • Address: 8871 Burton Way, West Hollywood
  • Buyer: Sepi and Farshad Shakib
  • Seller: Kenneth Karlan
  • Buyer & Seller's Rep: Nava Lavian - Truline Realty

Nava Lavian, a representative from Truline Realty, played a key role in facilitating the transaction. The deal involved Sepi and Farshad Shakib purchasing the condo from Kenneth Karlan, with Nava Lavian representing both parties. The condo has a total area of 1,816 square feet and was sold for a price of $1,250,000.

Players

Nava Lavian

TruLine Real Estate

Broker

$11.3M

vol

3 deals

Broker

Los Angeles 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

12.69%

Cash-on-Cash

-3.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93