SOLDMultiFamily
Faramarz Lahijani Purchases MultiFamily Asset From Pamela And Eric McLeod For $1.75M In Studio City
11613 Moorpark St
$1,752,903
Building Size
—
Asset Type
MultiFamily
Closing
Aug 28, 2024
AI
The transaction involves a multi-family asset located at 11613 Moorpark St in Studio City. The property was sold for $1,752,903.00.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $1,752,903.00
- Sale Date: 08/28/2024
- Buyer: Faramarz Lahijani
- Seller: Pamela McLeod and Eric McLeod
- Broker: Reza Ghobadi - Colliers
The deal features Faramarz Lahijani as the buyer, while Pamela McLeod and Eric McLeod are the sellers. Reza Ghobadi from Colliers represented the seller in this transaction.
Players
Studio City 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
9.05%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93