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1237 Amherst Avenue

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

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

1237 Amherst Avenue

$3,426,000

$492/SF

Building Size

6,959 SF

Asset Type

MultiFamily

Closing

Nov 12, 2024

AI

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

Greysteel

Broker

$37.9M

vol

14 deals

Broker

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

4.63%

Cash-on-Cash

-1.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93