Mehrdad Amanat Sells MultiFamily Property At 1317 S. Westgate Ave. In Los Angeles For $11.15M
SOLD
$11,150,000
California
See Similar DealsMultiFamily
Sold 01/26/2022
SOLD
Mehrdad Amanat Sells MultiFamily Property At 1317 S. Westgate Ave. In Los Angeles For $11.15M
1317 S. Westgate Ave.
See Similar DealsMultiFamily
Sold 01/26/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
The property involved in this transaction is a MultiFamily asset located at 1317 S. Westgate Ave., Los Angeles. The transaction amount is $11,150,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $11,150,000.00
- Seller: Mehrdad Amanat
- Date of Sale: 01/26/2022
- Brokers: Chandler Rockwell (The Rockwell Group), Tony Azzi
- Market: Los Angeles
The brokers representing the sale were Chandler Rockwell from The Rockwell Group and Tony Azzi. They played key roles in facilitating the transaction for the seller, Mehrdad Amanat.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$594,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$39,613.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$52,856.69
Annual Debt Service$634,280.26
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