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Golnaz Fouladi And Ehsan Hashemi Purchase Multifamily Property In Los Angeles For $1.1M

Property Image
SOLD
$1,100,000

California

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MultiFamily2,292 SF
Sold 08/28/2024
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Property Image
SOLD

Golnaz Fouladi And Ehsan Hashemi Purchase Multifamily Property In Los Angeles For $1.1M

2001 South Redondo Boulevard

See Similar Deals
MultiFamily2,292 SF
Sold 08/28/2024
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$479
Total Square Footage:2,292 SF
Transaction Type:Sale

The property asset involved in this transaction is a multifamily property located at 2001 South Redondo Boulevard in the Los Angeles market. The asking price was set at $1,250,000, while the final sale price concluded at $1,100,000. The asset comprises 3 units with a total square footage of 2,292, resulting in a price per unit of $366,666 and a price per square foot of $479.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,100,000
  • Buyer: Golnaz Fouladi & Ehsan Hashemi
  • Seller: Robert Crisp
  • Brokers: Eric Chen & Justino L. Fa’aola - CBRE
  • Units: 3
  • Square Footage: 2,292
  • Price Per Unit: $366,666
  • Price Per Square Foot: $479

Eric Chen and Justino L. Fa’aola represented the transaction as the brokers from CBRE, facilitating the deal between the buyer and the seller. The involvement of these brokers indicates a professional transaction process associated with commercial properties within the Los Angeles area.

Players

Eric Chen
108 deals$886.6M volume(626) 757-5717
BROKER

Justino L. Fa’aola
Compass
19 deals$78.4M volume(626) 315-7603
BROKER

Details

SOLD
IMAGE: Eric Chen & Justino L. Fa’aola DATE: 08/28/2024 ADDRESS: 2001 South Redondo Boulevard MARKET: Los Angeles ASSET TYPE: Multifamily BUYER: Golnaz Fouladi & Ehsan Hashemi SELLER: Robert Crisp BROKERS: Eric Chen (@Eric_c_Chen) & Justino L. Fa’aola (@JustinFaaola) - CBRE (@CBRE) ASKING PRICE: $1,250,000 SALE PRICE: $1,100,000 UNITS: 3 ~ PPU: $366,666 SF: 2,292 ~ PPSF: $479

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$58,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73