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Omid Sadeghi Acquires Multifamily Property In Los Angeles For $3.8M

Property Image
SOLD
$3,824,397

California

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MultiFamily5,969 SF
Sold 11/30/2022
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Property Image
SOLD

Omid Sadeghi Acquires Multifamily Property In Los Angeles For $3.8M

1251 Wellesley Avenue

See Similar Deals
MultiFamily5,969 SF
Sold 11/30/2022
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$640
Total Square Footage:5,969 SF
Transaction Type:Sale

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

Steve Sawaii
Compass
Steve Sawaii
2 deals$5.7M volume(310) 261-3777
BROKER

Details

SOLD
IMAGE: Jonathan Taksa & Steve Sawaii DATE: 11/30/2022 ADDRESS: 1251 Wellesley Ave MARKET: Los Angeles, CA ASSET TYPE: Multifamily BUYER: Omid Sadeghi SELLER: Elyahoo Sorourian BROKERS: Jonathan Taksa ( @JTaksa) - Taksa Investment Group (@TaksaInvestmentGroup); Steve Sawaii - Compass ASKING PRICE: $3,795,000 SALE PRICE: $3,824,397 UNITS: 7 ~ PPU: $546,342 SF: 5,969 ~ PPSF: $641

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$13,587.27
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