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Mosa Lavi & Farhad Fouladian Acquire Multifamily In Los Angeles For $1M

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SOLD
$1,000,000

California

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MultiFamily5,608 SF
Sold 05/09/2024
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Property Image
SOLD

Mosa Lavi & Farhad Fouladian Acquire Multifamily In Los Angeles For $1M

434 East Adams Boulevard

See Similar Deals
MultiFamily5,608 SF
Sold 05/09/2024
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$178
Total Square Footage:5,608 SF
Transaction Type:Sale

The multifamily property located at 434 East Adams Boulevard in Los Angeles was sold for $1,000,000. The property consists of 5 units spanning 5,608 square feet, resulting in a price per unit of $200,000 and a price per square foot of $178.

Summary of transaction details:

The sale of this multifamily property was facilitated by the buyer, Mosa Lavi & Farhad Fouladian, and represented by Aaron Es-haghian, Sevak Keshishian & Shara Parseghian from Marcus & Millichap. The transaction highlights the active involvement of key individuals and companies in the real estate market of Los Angeles.

Players

Sevak Keshishian
16 deals$77.8M volume
BROKER

Shara Parseghian
Marcus & Millichap
6 deals$32.6M volume(818) 606-8181
BROKER

Aaron Es-haghian
Marcus & Millichap
6 deals$8.9M volume
BROKER

Details

SOLD
IMAGE: Aaron Es-haghian, Sevak Keshishian & Shara Parseghian DATE: 05/09/2024 ADDRESS: 434 East Adams Boulevard MARKET: Los Angeles ASSET TYPE: Multifamily BUYER: Mosa Lavi & Farhad Fouladian SELLER'S REP: Aaron Es-haghian (@Aaron_Eshaghian), Sevak Keshishian & Shara Parseghian - Marcus & Millichap (@MarcusMillichapinc) SALE PRICE: $1,000,000 UNITS: 5 ~ PPU: $200,000 SF: 5,608 ~ PPSF: $178

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$53,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.12