Neema Ahadian & Iman Mossanen Acquire Multifamily Property In Koreatown For $2.26M
SOLD
$2,260,000
California
See Similar DealsMultiFamily8,825 SF
Sold 05/14/2021
SOLD
Neema Ahadian & Iman Mossanen Acquire Multifamily Property In Koreatown For $2.26M
4401 Beverly Boulevard, Los Angeles, CA, USA
See Similar DealsMultiFamily8,825 SF
Sold 05/14/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$256
Total Square Footage:8,825 SF
Transaction Type:Sale
The multifamily property located at 4401 Beverly Blvd in Koreatown has been sold for a price of $2,260,000. The property spans across a total area of 8,825 square feet, resulting in a price per square foot of $256.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,260,000
- Address: 4401 Beverly Blvd
- Market: Koreatown
The sale was facilitated by Neema Ahadian from The Neema Group and Iman Mossanen. They acted as the brokers representing the parties involved in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$120,533.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,029.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,713.55
Annual Debt Service$128,562.64
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