Sherif Antoon Purchases Multifamily Property From Lakshmi Devgan For $1.25M In Los Angeles
11729 Washington Boulevard
$1,250,000
$455/SF
Building Size
2,744 SF
Asset Type
MultiFamily
Closing
Aug 21, 2025
AI
The property involved in this transaction is a multifamily asset located at 11729 Washington Boulevard in the Los Angeles market. The sale price for the property was $1,250,000, which encompasses 10 units. The total square footage of the property is 2,744, resulting in a price per unit of $125,000 and a price per square foot of $455.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Address: 11729 Washington Boulevard
- Market: Los Angeles
- Units: 10
- Price Per Unit: $125,000
- Square Footage: 2,744
- Price Per Square Foot: $455
- Buyer: Sherif Antoon
- Seller: Lakshmi Devgan
- Buyer's Representative: Cameron Samimi & Bobby Sillman - Lyon Stahl Investment Real Estate
The key individuals involved in the transaction include the buyer, Sherif Antoon, and the seller, Lakshmi Devgan. Cameron Samimi and Bobby Sillman represented the buyer in this deal, acting on behalf of Lyon Stahl Investment Real Estate.
Players
Los Angeles 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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93