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Sean Daneshgar Acquires Multifamily On Wilshire Blvd For $28M

Property Image
SOLD
$28,000,000
Kamran Paydar
Barbara Duskin
+ 1

California

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MultiFamily
Sold 01/31/2024
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Property Image
SOLD

Sean Daneshgar Acquires Multifamily On Wilshire Blvd For $28M

10351 Wilshire Boulevard

See Similar Deals
MultiFamily
Sold 01/31/2024
Kamran Paydar
Barbara Duskin
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

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.

Players

Laurie Lustig Bower
18 deals$566.4M volume(310) 550-2556
BROKER

Kamran Paydar
CBRE
11 deals$301.3M volume
BROKER

Barbara Duskin
Carolwood Estates
3 deals$72.1M volume(310) 995-6255
BROKER

Mike Hay
1 deal$28M volume
BROKER

Details

SOLD
IMAGE: Mike Hay, Laurie Lustig Bower, Kamran Paydar & Barbara Duskin DATE: 01/31/2024 ADDRESS: 10351 Wilshire Boulevard MARKET: Los Angeles ASSET TYPE: Multifamily BUYER: Sean Daneshgar BROKERS: Mike Hay (@MikeeBoi18) - Hay Investments, Inc Laurie Lustig Bower & Kamran Paydar - CBRE (@CBRE); Barbara Duskin (@BarbaraDuskin) - Carolwood Estates (@CarolwoodRealEstate) SALE PRICE: $28,000,000 SF: 61,821 ~ PPSF: $453

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,493,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$99,478.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$132,734.28
Annual Debt Service$1,592,811.42