Ramin Mesriani Acquires Multifamily Property On North Sweetzer Avenue For $2.7M
SOLD
California
See Similar DealsMultiFamily6,484 SF
Sold 12/22/2022
SOLD
Ramin Mesriani Acquires Multifamily Property On North Sweetzer Avenue For $2.7M
107 North Sweetzer Avenue
See Similar DealsMultiFamily6,484 SF
Sold 12/22/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$416
Total Square Footage:6,484 SF
Transaction Type:Sale
The multifamily property located at 107 North Sweetzer Avenue in Los Angeles has been sold for $2,700,000. The property consists of 8 units with a price per unit of $337,500. It spans across 6,484 square feet, resulting in a price per square foot of $416.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,700,000
- Units: 8
- Price per Unit: $337,500
- Square Footage: 6,484
- Price per Square Foot: $416
- Address: 107 North Sweetzer Avenue
- Market: Los Angeles
The buyer of the property is Ramin Mesriani, while the sellers are Charlotte Meyer and Alan Meyer. The deal was facilitated by the brokers Darin Spillman from Kidder Mathews and Rich Johns from KW Commercial.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$144,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53
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