Sean Daneshgar Acquires Multifamily On Wilshire Blvd For $28M
10351 Wilshire Boulevard
$28,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 31, 2024
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:
- Property Type: Multifamily
- Transaction Amount: $28,000,000
- Address: 10351 Wilshire Boulevard
- Market: Los Angeles
- Buyer: Sean Daneshgar
- Brokers:
- Mike Hay - Hay Investments, Inc
- Laurie Lustig Bower & Kamran Paydar - CBRE
- Barbara Duskin - Carolwood Estates
- SF: 61,821
- PPSF: $453
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
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
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93