Updated Sep 9, 2024
Omid Sadeghi Acquires Multifamily Property In Los Angeles For $3.8M
1251 Wellesley Avenue
$3,824,397
$640/SF
Building Size
5,969 SF
Asset Type
MultiFamily
Closing
Nov 30, 2022
About this deal
AI
Located at 1251 Wellesley Ave in Los Angeles, CA, this multifamily property has recently changed hands in a closed sale transaction. The property consists of 7 units and spans a total square footage of 5,969. The sale price for this transaction was $3,824,397, resulting in a per unit price of $546,342. The price per square foot was calculated at $641.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,824,397
- Units: 7
- Price per Unit: $546,342
- Square Footage: 5,969
- Price per Square Foot: $641
Omid Sadeghi has taken ownership of the property, purchasing it from Elyahoo Sorourian. The deal was facilitated by brokers Jonathan Taksa from Taksa Investment Group and Steve Sawaii from Compass.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Steve Sawaii to view all their deals.
Browse Los Angeles multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.15%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93