Daniel Bohbot Purchases Multifamily Property From Isaac Matarasso For $2.055M In Los Angeles
126 South Kings Road
$2,055,000
$435/SF
Building Size
4,724 SF
Asset Type
MultiFamily
Closing
Aug 5, 2024
AI
The property asset located at 126 South Kings Road in the Los Angeles market consists of a multifamily complex featuring four units. The transaction was completed with a sale price of $2,055,000, resulting in a price per unit of $513,750. The total square footage of the property is 4,724, which translates to a price per square foot of $435.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,055,000
- Units: 4
- Price Per Unit: $513,750
- Total Square Footage: 4,724
- Price Per Square Foot: $435
- Buyer: Daniel Bohbot
- Seller: Isaac Matarasso - The Matarasso Family Trust
- Buyer's Representative: Jake Glaser - Lyon Stahl Investment Real Estate
- Seller's Representative: Adam Sires - Nourmand & Associates
This transaction was facilitated by key individuals in the real estate market, with Jake Glaser representing the buyer, Daniel Bohbot, through Lyon Stahl Investment Real Estate. The seller, Isaac Matarasso, was represented by Adam Sires of Nourmand & Associates, highlighting the collaborative efforts behind the transaction.
Players
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
7.72%
Cash-on-Cash
-2.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93