Neema Ahadian & Sean Nami Facilitate $1.55M Sale Of Mid City Multifamily Property
SOLD
$1,555,000
California
See Similar DealsMultiFamily5,688 SF
Sold 04/09/2021
SOLD
Neema Ahadian & Sean Nami Facilitate $1.55M Sale Of Mid City Multifamily Property
1962 West 22nd Street, Los Angeles, CA, USA
See Similar DealsMultiFamily5,688 SF
Sold 04/09/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$273
Total Square Footage:5,688 SF
Transaction Type:Sale
The multifamily property located at 1962 W. 22nd St. in Mid City was recently sold for a total of $1,555,000. The transaction took place on April 9, 2021, and was facilitated by brokers Neema Ahadian of The Neema Group and Sean Nami. The property consists of 8 units, resulting in a per unit price of $194,375. With a total area of 5,688 square feet, the price per square foot comes out to be $273. The property's capitalization rate is 4.16%.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,555,000
- Address: 1962 W. 22nd St.
- Market: Mid City
Neema Ahadian of The Neema Group and Sean Nami played key roles as the brokers representing the parties involved in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$82,933.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,524.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,371.49
Annual Debt Service$88,457.92
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