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12400 Mitchell Avenue

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

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

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.

Players

Everett Wong

Greysteel

Broker

$37.9M

vol

14 deals

Broker
Greysteel
GreysteelBrokerage

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