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Jahangir Ayramlooli Acquires Multifamily Property In Venice For $3.62M

Property Image
SOLD
$3,620,000
Zachary Grant
Mikhail Siretskiy
Daniel Eshaghian

California

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MultiFamily4,560 SF
Sold
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Property Image
SOLD

Jahangir Ayramlooli Acquires Multifamily Property In Venice For $3.62M

18 Sunset Ave, Venice, CA, USA

See Similar Deals
MultiFamily4,560 SF
Sold
Zachary Grant
Mikhail Siretskiy
Daniel Eshaghian
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$793
Total Square Footage:4560 SF
Transaction Type:Sale

The multifamily property located at 18 Sunset Ave in Venice has been sold. The transaction took place on October 18, 2019. The property was represented by Zachary Grant, Daniel Eshaghian, and Mikhail Siretskiy. The buyer, Jahangir Ayramlooli, purchased the property from the seller, Gordon Whepley, for a total price of $3,620,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,620,000
  • Square Footage: 4,560
  • Market: Venice

This sale includes a total of 6 units within the multifamily property. The price per square foot was calculated to be $793.86, with a unit price of $603,333.

Players

Daniel Eshaghian
Daniel Eshaghian
2 deals$5M volume
BROKER
Mikhail Siretskiy
Mikhail Siretskiy
1 deal$3.6M volume
BROKER
Zachary Grant
Zachary Grant
1 deal$3.6M volume
BROKER

Details

SOLD
IMAGE: Zachary Grant @zachsellsit @d_shagz DATE: 10/18/2019 ADDRESS: 18 Sunset Ave MARKET: Venice ASSET TYPE: Multifamily BUYER: Jahangir Ayramlooli SELLER: Gordon Whepley BROKERS: Zachary Grant, Daniel Eshaghian, Mikhail Siretskiy PRICE: $3,620,000 SF: 4,560 ~ PPSF: $793.86 UNITS: 6 PPU: $603,333

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,861.09
Cash-on-Cash Return-1.27%
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