Updated Sep 11, 2026
Jian Torkan Acquires 36-Unit Multifamily Property In Los Angeles From John Safi For $17.23M
350 South Reno Street
$17,230,000
$446/SF
Building Size
38,612 SF
Asset Type
MultiFamily
Closing
Aug 1, 2022
About this deal
AI
The multifamily property located at 350 S. Reno St. in Los Angeles has been sold for a total of $17,230,000. The transaction was completed on 08/01/2022, with a buyer named Jian Torkan and a seller named John Safi. The property consists of 36 units, with an average price per unit of $478,611. The total square footage of the property is 38,612, with a price per square foot of $446.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $17,230,000
- Units: 36
- Price per Unit: $478,611
- Square Footage: 38,612
- Price per Square Foot: $446
- Market: Los Angeles
- Buyer: Jian Torkan
- Seller: John Safi
- Brokers: Janet Neman & Angelica Gotzev @NemanGroup - Kidder Matthews
Janet Neman and Angelica Gotzev from NemanGroup - Kidder Matthews served as the brokers for this transaction.
On the Map
$17,230,000
$446/SF
MultiFamily
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Partridge 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
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93