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1535 N Kenmore Ave, Los Fel...

Danny Monempour Acquires 18-unit Multifamily In Los Feliz For $6.45M
SOLDMultiFamily

Danny Monempour Acquires 18-unit Multifamily In Los Feliz For $6.45M

1535 N Kenmore Ave, Los Feliz, Los Angeles, CA, USA

$6,450,000

$481/SF

Building Size

13,392 SF

Asset Type

MultiFamily

Closing

Dec 3, 2021

AI

The multifamily property located at 1535 N. Kenmore Ave. in Los Feliz, Los Angeles has been sold for $6,450,000. The transaction took place on 12/03/2021. The property consists of 18 units with a price per unit of $358,333. The total square footage of the property is 13,392, resulting in a price per square foot of $481. Zac Freehling and Jason Shenitzer from Pacific Partners Los Angeles represented the buyer, Danny Monempour, while Eric Nelson was the seller.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $6,450,000
  • Units: 18
  • Price per Unit: $358,333
  • Total Square Footage: 13,392
  • Price per Square Foot: $481
  • Address: 1535 N. Kenmore Ave.
  • Market: Los Feliz, Los Angeles

Zac Freehling and Jason Shenitzer from Pacific Partners Los Angeles facilitated the transaction between buyer Danny Monempour and seller Eric Nelson.

Players

Zac Freehling

Pacific Partners Real Estate Investments

Broker

$237.5M

vol

61 deals

Broker
Eric Nelson

Eric Nelson

Seller

$17.4M

vol

5 deals

Seller

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

2.46%

Cash-on-Cash

-0.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93