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Farhan Mirza Acquires Multifamily Asset From Carole Poyourow In Los Angeles For $1.7M

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SOLD
$1,700,000

California

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MultiFamily5,040 SF
Sold
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Property Image
SOLD

Farhan Mirza Acquires Multifamily Asset From Carole Poyourow In Los Angeles For $1.7M

12400 Mitchell Avenue

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MultiFamily5,040 SF
Sold
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$337
Total Square Footage:5040 SF
Transaction Type:Sale

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.

Players

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

Details

SOLD
IMAGE: Everett Wong DATE: 11/20/2025 ADDRESS: 12400 Mitchell Avenue MARKET: Los Angeles ASSET TYPE: Multifamily BUYER: Farhan Mirza SELLER: Carole Poyourow BROKER: Everett Wong - Greysteel SALE PRICE: $1,700,000 UNITS: 7 ~ PPU: $242,857 SF: 5,040 ~ PPSF: $337

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$90,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
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