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Kathryn A. Mullikin Sells Palms Multifamily For $5.8M With The Eshaghyan Group

Property Image
SOLD
$5,800,000
Iman Eshaghyan

California

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MultiFamily9,443 SF
Sold 04/06/2022
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Property Image
SOLD

Kathryn A. Mullikin Sells Palms Multifamily For $5.8M With The Eshaghyan Group

3644 Keystone Avenue, Los Angeles, California 90034, United States

See Similar Deals
MultiFamily9,443 SF
Sold 04/06/2022
Iman Eshaghyan
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$614
Total Square Footage:9,443 SF
Transaction Type:Sale

A multifamily property located at 3644 Keystone Ave. in Palms has been sold for $5,800,000. The property consists of 10 units, with each unit valued at approximately $580,000. The total square footage of the property is 9,443, making the price per square foot around $614.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $5,800,000
  • Address: 3644 Keystone Ave.
  • Market: Palms
  • Units: 10
  • Price Per Unit: $580,000
  • Square Footage: 9,443
  • Price Per Square Foot: $614

The sale was facilitated by Iman Eshaghyan and Mina Eshaghyan of The Eshaghyan Group, who represented the seller, Kathryn A. Mullikin. Their expertise in the Palms market played a crucial role in the successful transaction.

Players

Mina Eshaghyan
8 deals$52.5M volume(310) 849-8835
BROKER

Iman Eshaghyan
Coldwell Banker
8 deals$52.5M volume
BROKER

Details

SOLD
IMAGE: Iman Eshaghyan & Mina Eshaghyan DATE: 04/06/2022 ADDRESS: 3644 Keystone Ave. MARKET: Palms ASSET TYPE: Multifamily SELLER: Kathryn A. Mullikin BROKERS: Iman Eshaghyan & Mina Eshaghyan (@Mina_Iman_Eshaghyan) - The Eshaghyan Group (@EshaghyanGroup) SALE PRICE: $5,800,000 UNITS: 10 ~ PPU: $580,000 SF: 9,443 ~ PPSF: $614

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

$309,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,606.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,494.96
Annual Debt Service$329,939.51