Asif Mohiuddin Acquires 7-Unit Multifamily Property In West Los Angeles For $3.04M
525 North Hayworth Avenue
$3,040,000
$493/SF
Building Size
6,166 SF
Asset Type
MultiFamily
Closing
Jul 20, 2022
AI
The multifamily property located at 525 N. Hayworth Ave. in West Los Angeles has been sold for $3,040,000. The property consists of 7 units with a price per unit of $434,285. The total square footage of the property is 6,166, resulting in a price per square foot of $493.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $3,040,000
- Units: 7
- Price per Unit: $434,285
- Square Footage: 6,166
- Price per Square Foot: $493
- Address: 525 N. Hayworth Ave., West Los Angeles
The buyer of the property is Asif Mohiuddin, while the seller is Ilia Zarutsky. The transaction was facilitated by Navid Toomarian from Equity Union Real Estate.
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
5.22%
Cash-on-Cash
-1.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93