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

Property Image
SOLD
$2,670,000

California

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MultiFamily6,455 SF
Sold 09/26/2023
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Property Image
SOLD

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

3744 Westwood Boulevard

See Similar Deals
MultiFamily6,455 SF
Sold 09/26/2023
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$413
Total Square Footage:6,455 SF
Transaction Type:Sale

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
105 deals$762.3M volume
BROKER

David Ghermezian
Newmark
9 deals$63M volume
BROKER

Jonathan Dadourian
6 deals$66.2M volume
BROKER

Details

SOLD
IMAGE: Sam Liberow, Jonathan Dadourian & David Ghermezian DATE: 09/26/2023 ADDRESS: 3744 Westwood Boulevard MARKET: Palms ASSET TYPE: MultiFamily BUYER: Bahman Mehdizadeh SELLER: Scott & Debbie Mund BUYER'S REP: Jonathan Dadourian (@JDadour) & David Ghermezian - Newmark (@Newmark) SELLER'S REP: Sam Liberow (@Sam_Liberow) - The Liberow Group (@TheLiberowGroup) - Marcus & Millichap (@MarcusMillichapEncino) SALE PRICE: $2,670,000 UNITS: 7 ~ PPU: $381,429 SF: 6,455 ~ PPSF: $414

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Operating Income
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,485.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,657.16
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