facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Multifamily

/

Sale

/

111 S Croft Ave

Michael Cohanzad Acquires Multifamily Property At 111 S Croft Ave In Los Angeles For $7.15M
SOLDMultiFamily

Michael Cohanzad Acquires Multifamily Property At 111 S Croft Ave In Los Angeles For $7.15M

111 S Croft Ave

$7,150,000

$517/SF

Building Size

13,818 SF

Asset Type

MultiFamily

Closing

Sep 9, 2022

AI

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:

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.

Players

Jonathan Taksa

Taksa Investment Group

Broker

$597.2M

vol

62 deals

Broker

Michael Cohanzad

Buyer

$78.4M

vol

8 deals

Buyer

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.22%

Cash-on-Cash

-0.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93