Nico Darban And Jane Doe Of XYZ Investments Acquire Multifamily Property For $2.2M From Leo Amir
SOLD
$2,200,000
California
See Similar DealsMultiFamily
Sold 12/18/2024
SOLD
Nico Darban And Jane Doe Of XYZ Investments Acquire Multifamily Property For $2.2M From Leo Amir
1108 S Sherbourne Dr
See Similar DealsMultiFamily
Sold 12/18/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
The transaction involves a multi-family asset located at 1108 S Sherbourne Dr, which was sold for $2,200,000.00. The specific characteristics, such as square footage and exact market value details, have not been disclosed.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $2,200,000.00
- Buyer: Nico Darban and Jane Doe from XYZ Investments
- Seller: Leo Amir
- Brokers: Jeffrey Estrada and Neema Ahadian from Marcus & Millichap
- Date of Transaction: 12/18/2024
This transaction showcases the involvement of two brokers, Jeffrey Estrada and Neema Ahadian, who represented the parties in the deal, facilitating the sale between the buyer, Nico Darban and Jane Doe, and the seller, Leo Amir.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$117,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47
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