Updated Dec 21, 2023
Shokrian Family Acquires Multifamily Property In Miracle Mile For $3,275,000
409 South Cloverdale Avenue, Los Angeles, California 90036, United States
$3,275,000
$418/SF
Building Size
7,824 SF
Asset Type
MultiFamily
Closing
Feb 13, 2022
About this deal
AI
Located in Miracle Mile, the multifamily property at 409 S. Cloverdale Ave. was recently sold for a total price of $3,275,000. The transaction took place on February 14, 2022. The property consists of 8 units, with a price per unit of $409,375. Spanning across 7,824 square feet, the property has a price per square foot of $418.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,275,000
- Address: 409 S. Cloverdale Ave.
- Market: Miracle Mile
- Buyer: Shokrian Family
- Seller: Amir Hayor
- Broker: Sam Liberow - The Liberow Group
- Units: 8
- Price per Unit: $409,375
- Square Footage: 7,824
- Price per Square Foot: $418
The buyer, Shokrian Family, purchased the property from Amir Hayor. The transaction was facilitated by Sam Liberow from The Liberow Group, who represented both the buyer and the seller in the deal.
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Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.84%
Cash-on-Cash
-1.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93