Mark Shui Purchases Multifamily Property From Shayan Omid In Los Angeles For $950,000
SOLD
$950,000
California
See Similar DealsMultiFamily6,536 SF
Sold 06/02/2025
SOLD
Mark Shui Purchases Multifamily Property From Shayan Omid In Los Angeles For $950,000
3160 Fairmount Street
See Similar DealsMultiFamily6,536 SF
Sold 06/02/2025
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$145
Total Square Footage:6,536 SF
Transaction Type:Sale
The property located at 3160 Fairmount Street in Los Angeles is a multifamily asset that has been sold for $950,000. The property encompasses a total of 6,536 square feet, resulting in a price per square foot of approximately $145.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $950,000
- Address: 3160 Fairmount Street
- Market: Los Angeles
- Buyer: Mark Shui
- Seller: Shayan Omid
- Broker: Chandler Rockwell - The Rockwell Group
The transaction involved Mark Shui as the buyer and Shayan Omid as the seller, facilitated by the brokerage services of Chandler Rockwell from The Rockwell Group, who represented the seller in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$50,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,375.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,503.48
Annual Debt Service$54,041.82
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