Neema Ahadian & Sean Nami Acquire Multifamily Property On 131 S Boyle Ave In Los Angeles
SOLD
$1,650,000
California
See Similar DealsMultiFamily4,709 SF
Sold 12/31/2020
SOLD
Neema Ahadian & Sean Nami Acquire Multifamily Property On 131 S Boyle Ave In Los Angeles
131 South Boyle Avenue, Los Angeles, CA, USA
See Similar DealsMultiFamily4,709 SF
Sold 12/31/2020
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$350
Total Square Footage:4,709 SF
Transaction Type:Sale
The multifamily property located at 131 S Boyle Ave in Los Angeles has been recently sold for $1,650,000. The transaction took place on December 31, 2020, and the property spans over 4,709 square feet, resulting in a price per square foot of $350.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,650,000
- Date: 12/31/2020
- Address: 131 S Boyle Ave
- Market: Los Angeles
The sale of this multifamily property was facilitated by Neema Ahadian (@TheNeemaGroup) and Sean Nami. They served as the brokers representing the parties involved in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$88,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,862.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,821.84
Annual Debt Service$93,862.10
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