Updated Sep 9, 2024
David Mashadian Acquires 4-Unit Multifamily Property In Los Angeles For $1.975M
455 N Hayworth Ave Los Angeles, CA 90048, USA
$1,975,000
$440/SF
Building Size
4,484 SF
Asset Type
MultiFamily
Closing
Jul 21, 2023
About this deal
AI
A 4-unit multifamily property located at 455 North Hayworth Avenue in Los Angeles has been sold. The property spans 4,484 square feet, with each unit averaging approximately 1,121 square feet. The sale price for this transaction was recorded at $1,975,000, resulting in a price per unit of $493,750 and a price per square foot of $440. The property is situated in the Los Angeles market.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,975,000
- Units: 4
- Price per Unit (PPU): $493,750
- Total Square Footage (SF): 4,484
- Price per Square Foot (PPSF): $440
- Address: 455 North Hayworth Avenue
- Market: Los Angeles
The buyer in this transaction is David Mashadian, while the seller is Alan Haber. Representing the seller is Sam Liberow from The Liberow Group, a brokerage firm affiliated with Marcus & Millichap.
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.03%
Cash-on-Cash
-2.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93