Michael Cohanzad Acquires Multifamily Property At 111 S Croft Ave In Los Angeles For $7.15M
SOLD
$7,150,000
California
See Similar DealsMultiFamily13,818 SF
Sold 09/09/2022
SOLD
Michael Cohanzad Acquires Multifamily Property At 111 S Croft Ave In Los Angeles For $7.15M
111 S Croft Ave
See Similar DealsMultiFamily13,818 SF
Sold 09/09/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$517
Total Square Footage:13,818 SF
Transaction Type:Sale
The property involved in this transaction is a multifamily asset located at 111 S Croft Ave in the Los Angeles market. The sale price for this property was $7,150,000, and it encompasses a total square footage of 13,818, resulting in a price per square foot of $517.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,150,000
- Address: 111 S Croft Ave
- Market: Los Angeles
- Square Footage: 13,818
- Price Per Square Foot: $517
- Buyer: Michael Cohanzad
- Seller: Maribeth Levine
- Broker: Jonathan Taksa - Taksa Investment Group
In this transaction, Michael Cohanzad acquired the multifamily asset from seller Maribeth Levine, with the deal facilitated by broker Jonathan Taksa of Taksa Investment Group, representing the buyer in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$381,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,402.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,894.65
Annual Debt Service$406,735.77
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