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
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.
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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93