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

Property Image
SOLD
$2,310,000

California

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MultiFamily11,570 SF
Sold 08/26/2025
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Property Image
SOLD

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

2460 North Eastern Avenue

See Similar Deals
MultiFamily11,570 SF
Sold 08/26/2025
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$199
Total Square Footage:11,570 SF
Transaction Type:Sale

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

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

CBRE
BROKERAGE

Details

SOLD
IMAGE: Eric Chen & Justino L. Fa’aola DATE: 08/26/2025 ADDRESS: 2460 North Eastern Avenue MARKET: Los Angeles ASSET TYPE: Multifamily BUYER: Suniel Khemlani SELLER: Su Huang BROKERS: Eric Chen (@Eric_c_Chen) & Justino L. Fa’aola (@JustinFaaola) - CBRE (@CBRE) SALE PRICE: $2,310,000 UNITS: 14 ~ PPU: $165,000 SF: 11,570 ~ PPSF: $199

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

$123,199.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,206.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,950.58
Annual Debt Service$131,406.94