Updated Dec 18, 2023
Neema Ahadian & Sean Nami Acquires Multifamily Property In East Hollywood For $5.9M
4848 Lexington Ave, Central LA, Los Angeles, CA, USA
$5,900,000
$282/SF
Building Size
20,874 SF
Asset Type
MultiFamily
Closing
Feb 8, 2021
About this deal
AI
The multifamily property located at 4848 Lexington Ave in East Hollywood has been sold for $5,900,000. The transaction took place on February 9, 2021, and was represented by Neema Ahadian from @theneemagroup and Sean Nami. The property consists of 30 units with an average price per unit of $196,667. The total square footage is 20,874, resulting in a price per square foot of $282. The capitalization rate for this asset is 4.68%.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,900,000
- Units: 30
- Price per Unit: $196,667
- Square Footage: 20,874
- Price per Square Foot: $282
- Capitalization Rate: 4.68%
Neema Ahadian from @theneemagroup and Sean Nami were the brokers involved in this transaction. They played a significant role in facilitating the sale of the multifamily property on Lexington Ave. Their expertise contributed to the successful completion of the deal.
Players
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
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93