Mosa Lavi & Farhad Fouladian Acquire Multifamily In Los Angeles For $1M
434 East Adams Boulevard
$1,000,000
$178/SF
Building Size
5,608 SF
Asset Type
MultiFamily
Closing
May 9, 2024
AI
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:
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Buyer: Mosa Lavi & Farhad Fouladian
- Seller's Rep: Aaron Es-haghian, Sevak Keshishian & Shara Parseghian - Marcus & Millichap
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
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93