Isaac Cohan Acquires Multifamily Property In Los Angeles For $10.5M
10810 Palms Boulevard
$10,500,000
$414/SF
Building Size
25,360 SF
Asset Type
MultiFamily
Closing
Mar 31, 2023
AI
The multifamily property located at 10810 Palms Boulevard in Los Angeles has been sold in a transaction that closed on March 31, 2023. The property consists of 25 units, with a total square footage of 25,524. The sale price for this transaction was $10,500,000, resulting in a price per unit of $420,000 and a price per square foot of $414.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,500,000
- Units: 25
- Price per Unit: $420,000
- Square Footage: 25,524
- Price per Square Foot: $414
Isaac Cohan purchased the property from Kathryn A. Mullikin. The transaction was facilitated by Iman Eshaghyan and Mina Eshaghyan of The Eshaghyan Group, who represented both the buyer and the seller in the deal.
Players
Market 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
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93