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2460 North Eastern Avenue

Suniel Khemlani Acquires Multifamily Asset In Los Angeles For $2.31 Million With Brokers Eric Chen & Justino L. Fa’aola
SOLDMultiFamily

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

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.

Players

Eric Chen

CBRE

Broker

$886.6M

vol

108 deals

Broker
CBRE
CBREBrokerage

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