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
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