Navid Natanian Acquires Multifamily Property On Devon Ave In West LA For $2.26M
1270 Devon Avenue, L A, CA, USA
$2,260,000
$579/SF
Building Size
3,903 SF
Asset Type
MultiFamily
Closing
Apr 8, 2021
AI
A multifamily property located at 1270 Devon Avenue in West LA has recently been sold for a sale price of $2,260,000. The property spans 3,903 square feet, resulting in a price per square foot of $579.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,260,000
- Address: 1270 Devon Avenue
- Market: West LA
Navid Natanian has acquired the property from Ari Chazanas. The transaction was facilitated by Steven Gelber from Westside Realty Partners.
Ari Chazanas, who can be contacted at [email protected] or (323) 487-2650, is always on the lookout for multifamily properties and opportunities for co-living joint ventures through http://www.havencoliving.com.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.02%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93