Updated Aug 24, 2026
Babak Rashidi Purchases Multifamily Property At 1476 South Shenandoah Street For $5,359,000
1476 South Shenandoah Street
$5,359,000
$303/SF
Building Size
17,653 SF
Asset Type
MultiFamily
Closing
Aug 17, 2026
About this deal
AI
The property asset involved in this transaction is a multifamily building located at 1476 South Shenandoah Street in the Los Angeles market. The sale occurred for a total price of $5,359,000, encompassing 16 units. The total square footage of the asset is 17,653, resulting in a price per unit of $334,938 and a price per square foot of $304.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,359,000
- Units: 16
- Square Footage: 17,653
- Price Per Unit: $334,938
- Price Per Square Foot: $304
- Buyer: Babak Rashidi
- Seller: Ariel Chazanas
- Broker: Sam Liberow - Marcus & Millichap
This transaction involves key individuals including Babak Rashidi as the buyer and Ariel Chazanas as the seller. The brokerage firm Marcus & Millichap facilitated the deal, represented by Sam Liberow.
On the Map
$5,359,000
$303/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
2.96%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93