Updated Sep 2, 2025
Suniel Khemlani Acquires Multifamily Asset In Los Angeles For $2.31 Million With Brokers Eric Chen & Justino L. Fa’aola
2460 North Eastern Avenue
$2,310,000
$199/SF
Building Size
11,570 SF
Asset Type
MultiFamily
Closing
Aug 26, 2025
About this deal
AI
The property involved in this transaction is a multifamily asset located at 2460 North Eastern Avenue, Los Angeles. The sale price was $2,310,000, comprising 14 units with a price per unit of $165,000. The total square footage of the property is 11,570, resulting in a price per square foot of $199.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,310,000
- Units: 14
- Price Per Unit: $165,000
- Square Footage: 11,570
- Price Per Square Foot: $199
- Buyer: Suniel Khemlani
- Seller: Su Huang
- Broker Representatives: Eric Chen & Justino L. Fa’aola - CBRE
Suniel Khemlani acquired the property from Su Huang, with representation from brokers Eric Chen and Justino L. Fa’aola from CBRE, facilitating the transaction in the Los Angeles market.
On the Map
$2,310,000
$199/SF
MultiFamily
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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
6.87%
Cash-on-Cash
-1.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93