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107 North Sweetzer Avenue

Ramin Mesriani Acquires Multifamily Property On North Sweetzer Avenue For $2.7M
SOLDMultiFamily

Ramin Mesriani Acquires Multifamily Property On North Sweetzer Avenue For $2.7M

107 North Sweetzer Avenue

$2,700,000

$416/SF

Building Size

6,484 SF

Asset Type

MultiFamily

Closing

Dec 22, 2022

AI

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.

Players

Darin Spillman

Kidder Mathews

Broker

$55.2M

vol

15 deals

Broker

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

5.88%

Cash-on-Cash

-1.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93