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1531 Corinth Avenue

Nima Ahmadinejad Acquires Multifamily In Los Angeles For $3.1M
SOLDMultiFamily

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

Mike Matthias

Pacific Partners Real Estate Investments

Broker

$37M

vol

15 deals

Broker

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