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10351 Wilshire Boulevard

Updated Dec 4, 2024

Sean Daneshgar Acquires Multifamily On Wilshire Blvd For $28M
SOLDMultiFamily

Sean Daneshgar Acquires Multifamily On Wilshire Blvd For $28M

10351 Wilshire Boulevard

$28,000,000

Units

18

Asset Type

MultiFamily

Closing

Jan 31, 2024

About this deal

AI

The multifamily property located at 10351 Wilshire Boulevard in Los Angeles was recently sold for $28,000,000. Spanning 61,821 square feet, the property was transacted at a price per square foot of $453.

Summary of transaction details:

The sale of the multifamily property was facilitated by a team of brokers including Mike Hay from Hay Investments, Inc, Laurie Lustig Bower and Kamran Paydar from CBRE, and Barbara Duskin from Carolwood Estates. These individuals played crucial roles in bringing the deal to fruition.

On the Map

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$28,000,000

MultiFamily

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Players

Laurie Lustig Bower

CBRE

Broker

$566.4M

vol

18 deals

Broker
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Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.6M per unit across 18 units on a published $28M (2024).

Visit Laurie Lustig Bower to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.57%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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