Updated Dec 21, 2023
Neema Ahadian's Multifamily Sale In Los Angeles Sold For $7.85M
1500 South Gramercy Place, Los Angeles, CA, USA
$7,850,000
$205/SF
Building Size
38,209 SF
Asset Type
MultiFamily
Closing
Dec 23, 2020
About this deal
AI
A multifamily property located at 1500 S Gramercy Pl in Los Angeles was recently sold for $7,850,000. The transaction took place on December 24, 2020. The property spans a total of 38,209 square feet, resulting in a price per square foot of $205.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $7,850,000
- Address: 1500 S Gramercy Pl
- Market: Los Angeles
- Square Footage: 38,209
- Price per Square Foot: $205
The transaction was facilitated by Neema Ahadian of The Neema Group, who acted as the broker in this deal.
Los Angeles MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.02%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93