Michael Cohanzad Acquires Brentwood Multifamily For $10M
SOLD
$10,000,000
California
See Similar DealsMultiFamily16,264 SF
Sold 06/29/2022
SOLD
Michael Cohanzad Acquires Brentwood Multifamily For $10M
11972 Kiowa Avenue, Los Angeles, California 90049, United States
See Similar DealsMultiFamily16,264 SF
Sold 06/29/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$614
Total Square Footage:16,264 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$533,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$35,527.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,405.10
Annual Debt Service$568,861.22
Is there something missing? Send suggestions