Updated Dec 11, 2025
Farhan Mirza Acquires Multifamily Asset From Carole Poyourow In Los Angeles For $1.7M
12400 Mitchell Avenue
$1,700,000
$337/SF
Building Size
5,040 SF
Asset Type
MultiFamily
Closing
Nov 20, 2025
About this deal
AI
The property asset involved in this transaction is a multifamily building located at 12400 Mitchell Avenue in the Los Angeles market. The sale price was $1,700,000, and the asset consists of 7 units, with a price per unit of $242,857. The total square footage of the property is 5,040, resulting in a price per square foot of $337.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,700,000
- Units: 7
- Price Per Unit: $242,857
- Square Footage: 5,040
- Price Per Square Foot: $337
- Buyer: Farhan Mirza
- Seller: Carole Poyourow
- Broker: Everett Wong - Greysteel
- Date of Transaction: 11/20/2025
This deal involved key individuals, including buyer Farhan Mirza and seller Carole Poyourow, with representation from broker Everett Wong of Greysteel facilitating the transaction.
On the Map
$1,700,000
$337/SF
MultiFamily
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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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93