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140 South Westmoreland Avenue

Soheil Lahijani Acquires Multifamily Property On South Westmoreland Avenue In Los Angeles For $1.995M
SOLDMultiFamily

Soheil Lahijani Acquires Multifamily Property On South Westmoreland Avenue In Los Angeles For $1.995M

140 South Westmoreland Avenue

$1,995,000

$476/SF

Building Size

4,191 SF

Asset Type

MultiFamily

Closing

Mar 31, 2023

AI

The multifamily property located at 140 South Westmoreland Avenue in Los Angeles has been sold for $1,995,000. This property consists of 7 units, with each unit priced at $285,000. The total square footage of the property is 4,191, resulting in a price per square foot of $476.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,995,000
  • Address: 140 South Westmoreland Avenue
  • Market: Los Angeles
  • Units: 7
  • Price per Unit: $285,000
  • Square Footage: 4,191
  • Price per Square Foot: $476

The buyer of the property is Soheil Lahijani, while the seller is Stewart Paperin. The deal was facilitated by brokers John Swartz and Scott Syme Jr. from Compass.

Players

John Swartz

Compass

Broker

$137.6M

vol

19 deals

Broker

Market 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

7.95%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93