Updated Oct 29, 2024
Success Pro Co., Ltd Acquires EME Mansfield Multifamily In Hollywood Sale For $11.8M
1420 North Mansfield Avenue, Central LA, Los Angeles, Los Angeles, CA 90028, USA
$11,800,000
$418/SF
Building Size
28,188 SF
Asset Type
MultiFamily
Closing
Nov 10, 2022
About this deal
AI
The EME Mansfield property, located at 1420 North Mansfield Avenue in Los Angeles, CA 90028, has been sold in a recent transaction. The property is a multifamily asset situated in the Hollywood market. The sale was completed on 09/31/2018. The transaction was facilitated by Neema Ahadian and Leo Laterza of The Neema Group, who acted as the seller agents for Taylor Equities 12 LLC. The buyer of the property is Success Pro Co., Ltd. The total price for the property was $11,800,000, with a total square footage of 28,188. This translates to a price per square foot of $418.62.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,800,000
- Market: Hollywood
- Seller: Taylor Equities 12 LLC
- Seller Agents: Neema Ahadian and Leo Laterza
- Buyer: Success Pro Co., Ltd
The EME Mansfield property sale involved the expertise of Neema Ahadian and Leo Laterza from The Neema Group. They represented the seller, Taylor Equities 12 LLC, in the deal. The buyer, Success Pro Co., Ltd, acquired the property at a total price of $11,800,000. This transaction showcases the active real estate market in Hollywood and highlights the role of the seller agents in facilitating successful property transactions.
On the Map
$11,800,000
$418/SF
MultiFamily
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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
1.34%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93