Updated Dec 21, 2023
Neema Ahadian & Sean Nami Facilitate $1.55M Sale Of Mid City Multifamily Property
1962 West 22nd Street, Los Angeles, CA, USA
$1,555,000
$273/SF
Building Size
5,688 SF
Asset Type
MultiFamily
Closing
Apr 8, 2021
About this deal
AI
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.
On the Map
$1,555,000
$273/SF
MultiFamily
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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
10.20%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93