Gamal Mohmoud Purchases Multifamily Property From Richard Hoberman For $1.225M In Los Angeles
204 South Serrano Avenue
$1,225,000
$282/SF
Building Size
4,336 SF
Asset Type
MultiFamily
Closing
Nov 7, 2025
AI
The property asset involved in the transaction is a multifamily asset located at 204 South Serrano Avenue in Los Angeles. This property features a total of 4 units, encompassing 4,336 square feet of space. The sale was finalized at a price of $1,225,000, which indicates a price per unit of $306,250 and a price per square foot of $282.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,225,000
- Units: 4
- Square Footage: 4,336
- Price per Unit: $306,250
- Price per Square Foot: $282
- Buyer: Gamal Mohmoud
- Seller: Richard Hoberman
- Seller's Representatives: Michael Kamara - The Kamara Multifamily Group & Michael Sterman - Marcus & Millichap
The transaction involved key individuals such as buyer Gamal Mohmoud and seller Richard Hoberman. The representatives for the seller included Michael Kamara from The Kamara Multifamily Group and Michael Sterman from Marcus & Millichap, facilitating the sale process effectively.
Players
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
12.95%
Cash-on-Cash
-3.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93