Updated Dec 21, 2023
Josh Kashani Acquires Multifamily Property In South Los Angeles For $3.8M
517 West 84th Street, South Los Angeles, Los Angeles, CA, USA
$3,815,000
$329/SF
Building Size
11,576 SF
Asset Type
MultiFamily
Closing
Sep 13, 2021
About this deal
AI
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.
On the Map
$3,815,000
$329/SF
MultiFamily
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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
4.16%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93