SOLDMultiFamily
Faramarz Lahijani Purchases MultiFamily Property From Pamela And Eric McLeod For $1.16M
11617 Moorpark St
$1,159,774
Building Size
—
Asset Type
MultiFamily
Closing
Aug 28, 2024
AI
The property asset involved in this transaction is a MultiFamily unit located at 11617 Moorpark St, Studio City. The sale price for this asset was $1,159,774.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,159,774.00
- Address: 11617 Moorpark St
- Market: Studio City
- Buyer: Faramarz Lahijani
- Seller: Pamela McLeod and Eric McLeod
- Broker: Reza Ghobadi (Colliers)
The transaction was brokered by Reza Ghobadi from Colliers, representing the deal between the buyer, Faramarz Lahijani, and the sellers, Pamela McLeod and Eric McLeod.
Players
Studio City 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
13.68%
Cash-on-Cash
-3.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93