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Soli Makhani Purchases 1237 Amherst Avenue Los Angeles Multifamily Property For $3.426M

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SOLD
$3,426,000

California

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MultiFamily6,959 SF
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Soli Makhani Purchases 1237 Amherst Avenue Los Angeles Multifamily Property For $3.426M

1237 Amherst Avenue

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MultiFamily6,959 SF
Sold
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$492
Total Square Footage:6959 SF
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 1237 Amherst Avenue in Los Angeles. The sale price was $3,426,000, and the property consists of 9 units. The total square footage of the asset is 6,959, resulting in a price per unit of $380,666 and a price per square foot of $492.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $3,426,000
  • Units: 9
  • Square Footage: 6,959
  • Price Per Unit: $380,666
  • Price Per Square Foot: $492
  • Buyer: Soli Makhani
  • Seller: Maxwell Talmage
  • Broker: Everett Wong - Greysteel

This transaction was facilitated by broker Everett Wong, representing the parties involved. The buyer, Soli Makhani, acquired the multifamily property from seller Maxwell Talmage, marking a significant deal in the Los Angeles market.

Players

Everett Wong
13 deals$35.9M volume(310) 439-5790
BROKER

Details

SOLD
IMAGE: Everett Wong DATE: 11/12/2024 ADDRESS: 1237 Amherst Avenue MARKET: Los Angeles ASSET TYPE: Multifamily BUYER: Soli Makhani SELLER: Maxwell Talmage BROKER: Everett Wong - Greysteel (@Greysteel_LA) SALE PRICE: $3,426,000 UNITS: 9 ~ PPU: $380,666 SF: 6,959 ~ PPSF: $492

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,171.86
Cash-on-Cash Return-1.27%
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