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Art Ishal Purchases Multifamily Asset From John Carter For $2 Million In Los Angeles

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SOLD
$2,000,000

California

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MultiFamily5,388 SF
Sold 07/25/2025
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Property Image
SOLD

Art Ishal Purchases Multifamily Asset From John Carter For $2 Million In Los Angeles

3655 Cardiff Avenue

See Similar Deals
MultiFamily5,388 SF
Sold 07/25/2025
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$371
Total Square Footage:5,388 SF
Transaction Type:Sale

This multifamily property located at 3655 Cardiff Avenue in Los Angeles has a sale price of $2,000,000. The asset consists of 8 units, covering a total area of 5,388 square feet, leading to a price per unit of $250,000 and a price per square foot of $371.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,000,000
  • Units: 8
  • Square Footage: 5,388
  • Price Per Unit: $250,000
  • Price Per Square Foot: $371
  • Buyer: Art Ishal
  • Seller: John Carter
  • Buyer's Representative: Yigal Fatirian - Lyon Stahl Investment Real Estate
  • Seller's Representative: Michael Monempour - Lyon Stahl Investment Real Estate

This off-market transaction was executed with a 14-day all-cash close, acting as the up-leg for the buyer's 1031 Exchange. Both buyer and seller were represented exclusively by Yigal Fatirian and Michael Monempour, showcasing their capability to connect motivated sellers with qualified exchange buyers.

Players

Michael Monempour
85 deals$375.9M volume
BROKER

Yigal Fatirian
Lyon Stahl Investment Real Estate
4 deals$12.8M volume(310) 999-8948
BROKER

Lyon Stahl Investment Real Estate
BROKERAGE

Details

SOLD
IMAGE: Michael Monempour & Yigal Fatirian DATE: 07/25/2025 ADDRESS: 3655 Cardiff Avenue MARKET: Los Angeles ASSET TYPE: Multifamily BUYER: Art Ishal SELLER: John Carter BUYER'S REP: Yigal Fatirian (@Yigal_F) - Lyon Stahl Investment Real Estate (@LyonStahl) SELLER'S REP: Michael Monempour (@Michael.Monem) - Lyon Stahl Investment Real Estate (@LyonStahl) SALE PRICE: $2,000,000 UNITS: 8 ~ PPU: $250,000 SF: 5,388 ~ PPSF: $371 NOTE FROM BROKER: 🚨 Off-Market Transaction | 14-Day All-Cash Close This asset was sold off market in an expedited 14-day escrow, serving as the up-leg for the buyer’s 1031 Exchange. Both buyer and seller were exclusively represented by Michael Monempour & Yigal Fatirian, demonstrating our ability to strategically match motivated sellers with qualified exchange buyers for seamless execution.

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

$106,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24