Pejman Salim Acquires 15-Unit Multifamily In West Los Angeles For $10.5M
1744 Butler Avenue, Los Angeles, California 90025, United States
$10,500,000
$568/SF
Building Size
18,484 SF
Asset Type
MultiFamily
Closing
Jun 26, 2022
AI
The multifamily property located at 1744 Butler Ave. in West Los Angeles has been sold. The transaction took place on June 27, 2022, with a sale price of $10,500,000. The property consists of 15 units, with an average price per unit of $700,000. The total square footage of the property is 18,484, resulting in a price per square foot of $568.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $10,500,000
- Units: 15
- Price per Unit: $700,000
- Square Footage: 18,484
- Price per Square Foot: $568
- Address: 1744 Butler Ave.
- Market: West Los Angeles
The buyer of the property is Pejman Salim, while the seller is Deborah Downey. The deal was facilitated by brokers Jeff Louks and Elliot Sabag from Marcus & Millichap.
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
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93