Neema Ahadian & Iman Mossanen Sell Multifamily Property In West Los Angeles For $4.1M
SOLD
$4,100,000
California
See Similar DealsMultiFamily13,996 SF
Sold 07/28/2021
SOLD
Neema Ahadian & Iman Mossanen Sell Multifamily Property In West Los Angeles For $4.1M
1314 S Barrington Ave, Los Angeles, CA, USA
See Similar DealsMultiFamily13,996 SF
Sold 07/28/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$292
Total Square Footage:13,996 SF
Transaction Type:Sale
A multifamily property located at 1314-1322 S. Barrington Ave. in West Los Angeles has been sold for a total of $4,100,000. The property consists of 10 units with an average price per unit of $410,000. The total square footage is 13,996, resulting in a price per square foot of $315.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,100,000
- Address: 1314-1322 S. Barrington Ave.
- Market: West Los Angeles
- Units: 10
- Price per Unit: $410,000
- Square Footage: 13,996
- Price per Square Foot: $315
The sale of this multifamily property was facilitated by Neema Ahadian & Iman Mossanen, representing the parties involved in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$218,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,566.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,436.09
Annual Debt Service$233,233.10
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