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
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