Patrick Bensimmon Acquires Multifamily Asset On North Vendome Street For $1.25M With Seller's Rep Rabbie Banafsheha & Tony Azzi
SOLD
$1,250,000
California
See Similar DealsMultiFamily4,924 SF
Sold 05/04/2026
SOLD
Patrick Bensimmon Acquires Multifamily Asset On North Vendome Street For $1.25M With Seller's Rep Rabbie Banafsheha & Tony Azzi
146 North Vendome Street
See Similar DealsMultiFamily4,924 SF
Sold 05/04/2026
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$253
Total Square Footage:4,924 SF
Transaction Type:Sale
The asset involved in this transaction is a multifamily property located at 146 North Vendome Street, in the Los Angeles market. The sale price was $1,250,000 for a total of 7 units. The property encompasses a total square footage of 4,924, resulting in a price per unit of $178,571 and a price per square foot of $253.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Units: 7
- Square Footage: 4,924
- Price Per Unit: $178,571
- Price Per Square Foot: $253
- Buyer: Patrick Bensimmon
- Seller: David Raskin
- Seller's Representative: Rabbie Banafsheha & Tony Azzi - Marcus & Millichap
This transaction involved key participants including buyer Patrick Bensimmon and seller David Raskin. The representation for the seller was provided by the brokerage team of Rabbie Banafsheha and Tony Azzi from Marcus & Millichap, who facilitated the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65
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