Michael Cohanzad Acquires Brentwood Multifamily For $10M
11972 Kiowa Avenue, Los Angeles, California 90049, United States
$10,000,000
$614/SF
Building Size
16,264 SF
Asset Type
MultiFamily
Closing
Jun 28, 2022
AI
The multifamily property located at 11972 & 11978 Kiowa Avenue in Brentwood has been sold for $10,000,000. The transaction took place on June 29, 2022. This property comprises 20 units, with each unit having a price per unit of $500,000. The total square footage of the property is 16,264, resulting in a price per square foot of $615. The buyer in this deal is Michael Cohanzad, while Linda Lyons is the seller. The transaction was brokered by Jonathan Taksa of Taksa Investment Group.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,000,000
- Address: 11972 & 11978 Kiowa Avenue
- Market: Brentwood
- Units: 20
- Price per Unit: $500,000
- Total Square Footage: 16,264
- Price per Square Foot: $615
Jonathan Taksa, from Taksa Investment Group, represented both the buyer, Michael Cohanzad, and the seller, Linda Lyons, in this transaction.
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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93