Javanshir Rad Acquires Multifamily Property On 1527 W. 4th St. In Los Angeles For $3.95M
1527 West 4th Street, Los Angeles, California 90017, United States
$3,950,000
$255/SF
Building Size
15,481 SF
Asset Type
MultiFamily
Closing
Jun 9, 2022
AI
The multifamily property located at 1527 W. 4th St. in Los Angeles has been sold for $3,950,000. The transaction took place on 06/10/2022. The property consists of 29 units with an average price per unit of $136,206. The total area of the property is 15,481 square feet, resulting in a price per square foot of $255.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,950,000
- Units: 29
- Price per Unit: $136,206
- Square Footage: 15,481
- Price per Square Foot: $255
The buyer of the property is Javanshir Rad, and the seller is Steve Hubbs. The transaction was facilitated by broker Darin Spillman from Kidder Mathews.
Players
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
4.02%
Cash-on-Cash
-1.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93