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1270 Devon Avenue, L A, CA,...

Navid Natanian Acquires Multifamily Property On Devon Ave In West LA For $2.26M
SOLDMultiFamily

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

Steven Gelber

Westside Realty Partners

Broker

$35.6M

vol

5 deals

Broker

Ari Chazanas

Seller

$12.1M

vol

4 deals

Seller

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

7.02%

Cash-on-Cash

-2.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93