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126 South Kings Road

Daniel Bohbot Purchases Multifamily Property From Isaac Matarasso For $2.055M In Los Angeles
SOLDMultiFamily

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:

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

Adam Sires

Nourmand & Associates

Broker

$4.1M

vol

2 deals

Broker

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