Faramarz Lahijani Purchases Multifamily Property From Pamela And Eric McLeod For $1.24M
11627 Moorpark St
$1,237,323
Building Size
—
Asset Type
MultiFamily
Closing
Aug 28, 2024
AI
The transaction involves a multi-family asset located at 11627 Moorpark St in Studio City, with a sale price of $1,237,323.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,237,323.00
- Sale Date: 08/28/2024
- Buyer: Faramarz Lahijani
- Seller: Pamela McLeod and Eric McLeod
- Broker: Reza Ghobadi, Colliers
This transaction highlights the involvement of Reza Ghobadi from Colliers representing the seller in the deal. The buyers and sellers are Faramarz Lahijani and the McLeod duo, respectively, indicating a direct property exchange between private individuals.
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
12.82%
Cash-on-Cash
-3.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93