Updated Dec 21, 2023
Fred Farahmand And Robert Neman Acquire Multifamily Property In Los Angeles
1009 North Croft Avenue, Los Angeles, CA, USA
$7,400,000
$574/SF
Building Size
12,880 SF
Asset Type
MultiFamily
Closing
Oct 7, 2020
About this deal
AI
The multifamily property located at 1009-1015 N. Croft Ave in Los Angeles has been sold for a price of $7,400,000. The property spans a total area of 12,880 square feet, resulting in a price per square foot of $574. The sale took place on October 8, 2020. The buyer of the property is Fred Farahmand & Robert Neman, while Elena Gordon Jiler is the seller.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,400,000
- Address: 1009-1015 N. Croft Ave
- Market: Los Angeles
- Square Footage: 12,880
- Price per Square Foot: $574
- Buyer: Fred Farahmand & Robert Neman
- Seller: Elena Gordon Jiler
Fred Farahmand & Robert Neman were represented in the transaction by their broker, Fred Farahmand. No additional information is available regarding the deal.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.14%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93