Updated Dec 21, 2023
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
About this deal
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
Los Angeles CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Deal FAQ
About $688 per square foot on a published $1.3M for 1,816 square feet (2022).
Visit Nava Lavian to view all their deals.
Browse California sales on Traded.
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