Updated Jun 18, 2025
Mark Shui Purchases Multifamily Property From Shayan Omid In Los Angeles For $950,000
3160 Fairmount Street
$950,000
$145/SF
Building Size
6,536 SF
Asset Type
MultiFamily
Closing
Jun 2, 2025
About this deal
AI
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.
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
16.70%
Cash-on-Cash
-4.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93