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3744 Westwood Boulevard

Bahman Mehdizadeh Acquires Palms Multifamily On Westwood Boulevard For $2.67M
SOLDMultiFamily

Bahman Mehdizadeh Acquires Palms Multifamily On Westwood Boulevard For $2.67M

3744 Westwood Boulevard

$2,670,000

$413/SF

Building Size

6,455 SF

Asset Type

MultiFamily

Closing

Sep 26, 2023

AI

A multifamily property located at 3744 Westwood Boulevard in Palms has been sold for a price of $2,670,000. The property consists of 7 units, with a price per unit of $381,429. It spans across 6,455 square feet, resulting in a price per square foot of $414.

Summary of transaction details

  • Property Type: MultiFamily
  • Transaction Amount: $2,670,000
  • Units: 7
  • Price Per Unit: $381,429
  • Square Footage: 6,455
  • Price Per Square Foot: $414
  • Address: 3744 Westwood Boulevard, Palms

The buyer of this property is Bahman Mehdizadeh, while the sellers are Scott and Debbie Mund. Jonathan Dadourian and David Ghermezian from Newmark represented the buyer, and Sam Liberow from The Liberow Group, Marcus & Millichap, represented the sellers.

Players

Sam Liberow

Marcus & Millichap

Broker

$762.3M

vol

105 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

5.94%

Cash-on-Cash

-1.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93