Shima Hadidchi Acquires 5-Unit Multifamily In Brentwood For $2.85M

Located in Brentwood, the multifamily property at 1169 Amherst Ave was recently sold in a closed transaction. The sale, which took place on 11/16/2021, involved a total of 5 units and spanned across 4,448 square feet. The property was purchased by Shima Hadidchi from the seller, Mani Morshed, for a total sale price of $2,850,000. This equates to a price per unit of $570,000 and a price per square foot of $640.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $2,850,000
• Units: 5
• Price per Unit: $570,000
• Square footage: 4,448
• Price per Square Foot: $640

The brokers involved in this transaction were Jordan Asheghian and Tony Azzi from Marcus & Millichap. They played a crucial role in representing both the buyer, Shima Hadidchi, and the seller, Mani Morshed. It is worth noting that this sale closed swiftly, with a 10-day timeline, and the final sale price exceeded the initial list price by $155,000. The property boasted an impressive gross rent multiplier (GRM) of 18.95x and a cap rate of 3.11%.