Shawniel Starian Purchases Multifamily Property At 3729 Delmas Terrace From Gail L. Ho For $3.585M
3729 Delmas Terrace
$3,585,000
$494/SF
Building Size
7,248 SF
Asset Type
MultiFamily
Closing
Jul 23, 2024
AI
This multifamily property located at 3729 Delmas Terrace in the Los Angeles market features 9 units and has a total square footage of 7,248. The property was originally listed for an asking price of $4,350,000 and successfully sold for $3,585,000, resulting in a price per unit of $398,333 and a price per square foot of $494.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,585,000
- Address: 3729 Delmas Terrace
- Market: Los Angeles
- Units: 9
- Asking Price: $4,350,000
- Price Per Unit: $398,333
- Square Footage: 7,248
- Price Per Square Foot: $494
- Buyer: Shawniel Starian
- Seller: Gail L. Ho
- Buyer's Representative: Fred Nabati & Michael Davoodpour - Trimax Realty & Loan
Fred Nabati and Michael Davoodpour from Trimax Realty & Loan represented the buyer, Shawniel Starian, in this transaction. Their negotiation efforts yielded a successful deal, concluding the sale and facilitating the transition of ownership from seller Gail L. Ho.
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
4.42%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93