Pejman Salim Acquires 15-Unit Multifamily In West Los Angeles For $10.5M
SOLD
$10,500,000
California
See Similar DealsMultiFamily18,484 SF
Sold 06/27/2022
SOLD
Pejman Salim Acquires 15-Unit Multifamily In West Los Angeles For $10.5M
1744 Butler Avenue, Los Angeles, California 90025, United States
See Similar DealsMultiFamily18,484 SF
Sold 06/27/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$568
Total Square Footage:18,484 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$559,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$37,304.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,775.36
Annual Debt Service$597,304.28
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