Paul Ling Acquires Multifamily Asset From Sandy Khan In Palms For $16.5 Million
SOLD
$16,500,000
California
See Similar DealsMultiFamily53,946 SF
Sold 06/06/2025
SOLD
Paul Ling Acquires Multifamily Asset From Sandy Khan In Palms For $16.5 Million
3668 Motor Avenue
See Similar DealsMultiFamily53,946 SF
Sold 06/06/2025
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$305
Total Square Footage:53,946 SF
Transaction Type:Sale
The transaction involves a multifamily property located at 3668 Motor Avenue in the Palms market. The asset comprises 60 units, with a total square footage of 53,946. It was sold for a price of $16,500,000, resulting in a per-unit price of $275,000 and a price per square foot of $305.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $16,500,000
- Units: 60
- Square Footage: 53,946
- Price Per Unit: $275,000
- Price Per Square Foot: $305
- Buyer: Paul Ling
- Seller: Sandy Khan
- Broker: Sam Liberow - The Liberow Group - Marcus & Millichap Encino
Sam Liberow represents the seller in this transaction, providing brokerage services through The Liberow Group under Marcus & Millichap Encino. This deal reflects the involvement of a notable broker in facilitating the sale between the buyer and seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$880,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$58,621.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$78,218.42
Annual Debt Service$938,621.01
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