Danny Monempour Acquires Multifamily Property From Kathryn James In Los Angeles For $2.65M
SOLD
$2,650,000
California
See Similar DealsMultiFamily14,900 SF
Sold 09/30/2025
SOLD
Danny Monempour Acquires Multifamily Property From Kathryn James In Los Angeles For $2.65M
4151 3rd Avenue
See Similar DealsMultiFamily14,900 SF
Sold 09/30/2025
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$177
Total Square Footage:14,900 SF
Transaction Type:Sale
The multifamily property located at 4151 3rd Avenue in Los Angeles was sold for $2,650,000. The asset consists of 19 units, providing a price per unit of $139,473. The total square footage of the property is 14,900, resulting in a price per square foot of $177.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $2,650,000
- Units: 19
- Price per Unit: $139,473
- Square Footage: 14,900
- Price per Square Foot: $177
- Buyer: Danny Monempour
- Seller: Kathryn James
- Brokers: Mike Matthias & Zac Freehling - Pacific Partners Real Estate Investments - Keller Williams Beverly Hills
This transaction involved key individuals representing both the buyer and seller. Danny Monempour acquired the property from Kathryn James with the assistance of brokers Mike Matthias and Zac Freehling, who facilitated the deal through Pacific Partners Real Estate Investments and Keller Williams Beverly Hills.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$141,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,414.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,562.35
Annual Debt Service$150,748.22
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