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Elliot Shiu Purchases Multifamily Property In Los Angeles From Mike Moradzadeh For $1.18M

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SOLD
$1,180,000

California

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MultiFamily3,031 SF
Sold 05/20/2025
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Property Image
SOLD

Elliot Shiu Purchases Multifamily Property In Los Angeles From Mike Moradzadeh For $1.18M

423 East 82nd Street

See Similar Deals
MultiFamily3,031 SF
Sold 05/20/2025
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$389
Total Square Footage:3,031 SF
Transaction Type:Sale

This multifamily property is located at 423 East 82nd Street in the Los Angeles market. The sale price of the asset was $1,180,000, consisting of 4 units. The total square footage of the property is 3,031 square feet, resulting in a price per unit of $295,000 and a price per square foot of $389.

Summary of transaction details:

Aaron Jacobson and Brandon Maghen co-listed this property, generating multiple competitive offers and securing a sale $30,000 above the asking price within just 7 days on the market. Their strategic marketing approach and proactive outreach contributed significantly to the strong demand for this transaction.

Players

Aaron Jacobson
19 deals$46.7M volume
BROKER

Brandon Maghen
Lyon Stahl Investment Real Estate
5 deals$6.4M volume(310) 409-3908
BROKER

Details

SOLD
IMAGE: Aaron Jacobson & Brandon Maghen DATE: 5/20/2025 ADDRESS: 423 East 82nd Street MARKET: Los Angeles ASSET TYPE: Multifamily BUYER: Elliot Shiu SELLER: Mike Moradzadeh BROKERS: Aaron Jacobson (@MrAaronJacobson) & Brandon Maghen (@BrandonMaghen) - Lyon Stahl Investment Real Estate (@LyonStahl) SALE PRICE: $1,180,000 UNITS: 4 ~ PPU: $295,000 SF: 3,031 ~ PPSF: $389 NOTE FROM BROKER: Aaron Jacobson and Brandon Maghen successfully co-listed this 4-unit property in Los Angeles, generating multiple competitive offers and securing a sale $30,000 above asking price within just 7 days on the market. Their strategic marketing approach and proactive buyer outreach helped create strong demand and deliver exceptional results for the client.

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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)-$4,192.30
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