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
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