Josh Kashani Acquires Multifamily Property In South Los Angeles For $3.8M
SOLD
$3,815,000
California
See Similar DealsMultiFamily11,576 SF
Sold
SOLD
Josh Kashani Acquires Multifamily Property In South Los Angeles For $3.8M
517 West 84th Street, South Los Angeles, Los Angeles, CA, USA
See Similar DealsMultiFamily11,576 SF
Sold
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$329
Total Square Footage:11,576 SF
Transaction Type:Sale
Located in South Los Angeles, the multifamily property at 517 & 916 West 84th Street was recently sold in a closed transaction. The sale, dated September 13, 2021, involved 20 units with a total square footage of 11,576. The property was sold for a price of $3,815,000, resulting in a per unit price of $190,750 and a price per square foot of $330.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,815,000
- Address: 517 & 916 West 84th Street
- Market: South Los Angeles
The buyer involved in this transaction was Josh Kashani. On the other hand, the sellers were Don Sims and Wilbur Watson. Representing the buyer and seller respectively, the brokers involved in the deal were Carter Kruse and Jason Tuvia from Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$203,466.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,553.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,085.05
Annual Debt Service$217,020.56
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