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1654 West Florence Avenue, ...

Updated Dec 21, 2023

Amir Ohebsion Sells Multifamily Property In South Los Angeles For $49.5M
SOLDMultiFamily

Amir Ohebsion Sells Multifamily Property In South Los Angeles For $49.5M

1654 West Florence Avenue, Los Angeles, California 90047, United States

$49,500,000

$659/SF

Building Size

75,105 SF

Asset Type

MultiFamily

Closing

May 5, 2022

About this deal

AI

The multifamily property located at 1654 W. Florence Ave. in South Los Angeles has been sold for a total of $49,500,000. This transaction, which took place on 05/06/2022, involved a property with 128 units, resulting in a price per unit of $386,718. The total square footage of the property is 75,105, resulting in a price per square foot of $659. The sale of this property was facilitated by broker Sam Liberow from The Liberow Group, a part of Marcus & Millichap.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $49,500,000
  • Address: 1654 W. Florence Ave.
  • Market: South Los Angeles
  • Units: 128
  • Price per Unit: $386,718
  • Square Footage: 75,105
  • Price per Square Foot: $659
  • Seller: Amir Ohebsion
  • Broker: Sam Liberow (The Liberow Group) - Marcus & Millichap

This successful sale was made possible by the collaboration between seller Amir Ohebsion and broker Sam Liberow from The Liberow Group, who represented the seller in this transaction. Together, they achieved a significant sale price for this multifamily property in South Los Angeles.

On the Map

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$49,500,000

$659/SF

MultiFamily

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Players

Sam Liberow

Marcus & Millichap

Broker

$799.3M

vol

112 deals

Broker

Amir Ohebsion

Seller

$51.6M

vol

2 deals

Seller
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Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $659 per square foot on a published $49.5M for 75,105 square feet (2022).

Visit Sam Liberow to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.32%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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