Farhad Stein Buys Multifamily Property From Jacob Dan In Los Angeles For $1,450,000
SOLD
$1,450,000
California
See Similar DealsMultiFamily2,300 SF
Sold 03/12/2024
SOLD
Farhad Stein Buys Multifamily Property From Jacob Dan In Los Angeles For $1,450,000
1451 South Holt Avenue
See Similar DealsMultiFamily2,300 SF
Sold 03/12/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$630
Total Square Footage:2,300 SF
Transaction Type:Sale
The multifamily property located at 1451 South Holt Avenue in Los Angeles was sold in a recent transaction. The property consists of 2 units spanning 2,300 square feet, with a sale price of $1,450,000, equating to $630 per square foot.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,450,000
- Units: 2
- Price Per Unit: $725,000
- Square Footage: 2,300
- Price Per Square Foot: $630
- Address: 1451 South Holt Avenue
- Market: Los Angeles
The transaction was facilitated by Ariel Sayani of Partners CRE and Michael Monempour of Lyon Stahl Investment Real Estate. Farhad Stein acted as the buyer, while Jacob Dan was the seller in this deal. Ariel Sayani has extended an invitation to those interested in job opportunities in commercial real estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$77,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,151.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,873.74
Annual Debt Service$82,484.88
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