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3729 Delmas Terrace

Shawniel Starian Purchases Multifamily Property At 3729 Delmas Terrace From Gail L. Ho For $3.585M
SOLDMultiFamily

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

Fred Nabati

Trimax Realty & Loan

Broker

$108.8M

vol

61 deals

Broker

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