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
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