Nima Ahmadinejad Acquires Multifamily In Los Angeles For $3.1M
SOLD
$3,100,000
California
See Similar DealsMultiFamily6,713 SF
Sold 12/06/2023
SOLD
Nima Ahmadinejad Acquires Multifamily In Los Angeles For $3.1M
1531 Corinth Avenue
See Similar DealsMultiFamily6,713 SF
Sold 12/06/2023
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$461
Total Square Footage:6,713 SF
Transaction Type:Sale
The multifamily property located at 1531 Corinth Avenue in Los Angeles has been sold in a closed transaction. Spanning across 6,713 square feet, the property consists of 13 units, offering an average price per unit of $238,462. The sale price for the property was $3,100,000, resulting in a price per square foot of $462.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,100,000
- Address: 1531 Corinth Avenue, Los Angeles
- Market: Los Angeles
Nima Ahmadinejad is the buyer of the property, while Ana Duarte served as the seller. Anthony Amezquita, Mike Matthias, and Zac Freehling from Pacific Partners Real Estate Investments represented the seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$165,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98
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