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
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