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

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SOLD
$6,450,000

California

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MultiFamily13,392 SF
Sold 12/03/2021
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Property Image
SOLD

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

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

See Similar Deals
MultiFamily13,392 SF
Sold 12/03/2021
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$481
Total Square Footage:13,392 SF
Transaction Type:Sale

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
61 deals$237.5M volume
BROKER

Jason Shenitzer
8 deals$101.9M volume
BROKER

Eric Nelson
5 deals$17.4M volume
BROKER

Eric Nelson
5 deals$17.4M volume
SELLER

Details

SOLD
IMAGE: Zac Freehling & Jason Shenitzer DATE: 12/03/2021 ADDRESS: 1535 N. Kenmore Ave. MARKET: Los Feliz, Los Angeles ASSET TYPE: Multifamily BUYER: Danny Monempour SELLER: Eric Nelson BROKERS: Zac Freehling (@ZacFreehling) & Jason Shenitzer (@JShenitzer) - Pacific Partners Los Angeles (@PacificPartnersLA) SALE PRICE: $6,450,000 UNITS: 18 ~ PPU: $358,333 SF: 13,392 ~ PPSF: $481

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$343,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,915.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,576.29
Annual Debt Service$366,915.49