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11627 Moorpark St

Faramarz Lahijani Purchases Multifamily Property From Pamela And Eric McLeod For $1.24M
SOLDMultiFamily

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:

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

Reza Ghobadi

Colliers

Broker

$277.6M

vol

37 deals

Broker

Faramarz Lahijani

Buyer

$4.2M

vol

3 deals

Buyer

Pamela McLeod

Seller

$4.2M

vol

3 deals

Seller

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