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.
On the Map
$5,900,000
$282/SF
MultiFamily
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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