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Arash Danialifar Acquires Multifamily Property In Los Angeles For $8.4M

Property Image
SOLD
$8,400,000
Eric Mandell
Rick Ramirez
+ 2

California

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MultiFamily19,506 SF
Sold 04/15/2022
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Property Image
SOLD

Arash Danialifar Acquires Multifamily Property In Los Angeles For $8.4M

514 North Madison Avenue, Los Angeles, California 90029, United States

See Similar Deals
MultiFamily19,506 SF
Sold 04/15/2022
Eric Mandell
Rick Ramirez
+ 2
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$430
Total Square Footage:19,506 SF
Transaction Type:Sale

Located in Los Angeles, the multifamily property at 514 - 570 N. Madison has recently been sold for a price of $8,400,000. The transaction took place on 04/15/2022 and involved a total of 25 units, resulting in a price per unit of $336,000. The property spans across 19,506 square feet, translating to a price per square foot of $430.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $8,400,000
  • Units: 25
  • Price per Unit: $336,000
  • Square Footage: 19,506
  • Price per Square Foot: $430
  • Market: Los Angeles

The buyer of this property is Arash Danialifar, while the sellers are Diane Loesch Klein and Williame Loesch. The transaction was facilitated by the brokers Rick Ramirez, Eric Mandell, Chris Kim, and Luc Hawkshaw from Ally Commercial Real Estate. Their expertise and guidance contributed to the successful completion of this deal.

Players

Luc Hawkshaw
25 deals$150M volume(424) 317-0308
BROKER

Rick Ramirez
Ally Commercial Real Estate
21 deals$73.7M volume
BROKER

Eric Mandell
Ally Commercial Real Estate
31 deals$212.5M volume(424) 317-0308
BROKER

Chris Kim
Ally Commercial Real Estate
11 deals$68.1M volume
BROKER

Arash Danialifar
10 deals$114.4M volume
BUYER

Details

SOLD
IMAGE: Rick Ramirez, Eric Mandell, Luc Hawkshaw & Chris Kim DATE: 04/15/2022 ADDRESS: 514 - 570 N. Madison MARKET: Los Angeles ASSET TYPE: Multifamily BUYER: Arash Danialifar SELLER: Diane Loesch Klein & Williame Loesch BROKERS: Rick Ramirez (@Robo_Rick), Eric Mandell (@EdMandell), Chris Kim (@Arky_Kim) & Luc Hawkshaw (@Luc_Hawkshaw) - Ally Commercial Real Estate (@AllyCommercialRE) SALE PRICE: $8,400,000 UNITS: 25 ~ PPU: $336,000 SF: 19,506 ~ PPSF: $430

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$29,843.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,820.29
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