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1320 South Carmelina Avenue

Peyman Kheyri Purchases Multifamily Property In Los Angeles From Mike Schultze For $2.65M
SOLDMultiFamily

Peyman Kheyri Purchases Multifamily Property In Los Angeles From Mike Schultze For $2.65M

1320 South Carmelina Avenue

$2,650,000

$385/SF

Building Size

6,875 SF

Asset Type

MultiFamily

Closing

May 9, 2025

AI

The property asset involved in this transaction is a multifamily unit located at 1320 South Carmelina Avenue in Los Angeles. The transaction was completed for a total sale price of $2,650,000. The asset comprises 9 units and has a total square footage of 6,875, equating to a price per unit of $294,444 and a price per square foot of $385.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,650,000
  • Units: 9
  • Square Footage: 6,875
  • Price Per Unit: $294,444
  • Price Per Square Foot: $385
  • Buyer: Peyman Kheyri
  • Seller: Mike Schultze
  • Seller's Representative: Cormac McCain & Everett Wong - Greysteel

The deal features key individuals such as the buyer Peyman Kheyri and the seller Mike Schultze. The seller was represented by brokers Cormac McCain and Everett Wong from Greysteel, facilitating the transaction in the Los Angeles market.

Players

Everett Wong

Greysteel

Broker

$37.9M

vol

14 deals

Broker

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

5.99%

Cash-on-Cash

-1.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93