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10810 Palms Boulevard

Isaac Cohan Acquires Multifamily Property In Los Angeles For $10.5M
SOLDMultiFamily

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

Mina Eshaghyan
Verified Badge

Mina Eshaghyan

Coldwell Banker

Broker

$52.5M

vol

8 deals

Broker

Kathryn A. Mullikin

Seller

$16.3M

vol

2 deals

Seller

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