Updated Dec 4, 2024
Farhad Stein Buys Multifamily Property From Jacob Dan In Los Angeles For $1,450,000
1451 South Holt Avenue
$1,450,000
$630/SF
Building Size
2,300 SF
Asset Type
MultiFamily
Closing
Mar 12, 2024
About this deal
AI
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.
On the Map
$1,450,000
$630/SF
MultiFamily
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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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93