Updated Aug 26, 2026
Michael Baradarian Purchases Multifamily Property From Raymond Gaye In Los Angeles For $1.674M
358 North Ogden Drive
$1,674,000
$305/SF
Building Size
5,486 SF
Asset Type
MultiFamily
Closing
Aug 21, 2026
About this deal
AI
The transaction involves a multifamily asset located at 358 North Ogden Drive in the Los Angeles market. The sale price for the property was $1,674,000, encompassing a total of 4 units. The square footage of the property stands at 5,486, resulting in a price per unit of $418,500 and a price per square foot of $305.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,674,000
- Units: 4
- Square Footage: 5,486
- Price Per Unit: $418,500
- Price Per Square Foot: $305
- Buyer: Michael Baradarian
- Seller: Raymond Gaye
- Buyer's Representative: Jon Baradarian - Keller Williams Realty
- Seller's Representative: Michael Kamara - The Kamara Multifamily Group
This transaction was facilitated by the involvement of representatives from both sides, with Jon Baradarian from Keller Williams Realty representing the buyer, Michael Baradarian, and Michael Kamara from The Kamara Multifamily Group representing the seller, Raymond Gaye.
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
9.48%
Cash-on-Cash
-2.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93