Elon Ohan Acquires Multifamily Property From Rose Benard In Valley Village For $1.355M
12032 Magnolia Boulevard
$1,355,000
$369/SF
Building Size
3,670 SF
Asset Type
MultiFamily
Closing
Dec 17, 2024
AI
The property asset involved in this transaction is a multifamily residential building located at 12032 Magnolia Boulevard in Valley Village. The sale price was $1,355,000 for a total of 5 units, resulting in a price per unit of $271,000. The building has a total square footage of 3,670, with a price per square foot of $369.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,355,000
- Units: 5
- Price Per Unit: $271,000
- Square Footage: 3,670
- Price Per Square Foot: $369
- Buyer: Elon Ohan
- Seller: Rose Benard
- Broker: Nathan Shaolian - Kidder Mathews
- Initial Offers: 8
- Above Asking Price: $155,000
- Offer Type: Non-Contingent
- Portfolio: Part of a 3-Property Portfolio
This transaction involved Nathan Shaolian representing seller Rose Benard and buyer Elon Ohan. The broker played a crucial role in navigating the initial offers and securing a non-contingent agreement for the buyer, enhancing the competitiveness of the bid within the market.
Players
Valley Village 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
11.71%
Cash-on-Cash
-3.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93