Nima Ahmadinejad Acquires Multifamily In Los Angeles For $3.1M
1531 Corinth Avenue
$3,100,000
$461/SF
Building Size
6,713 SF
Asset Type
MultiFamily
Closing
Dec 6, 2023
AI
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.
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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93