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525 North Hayworth Avenue

Asif Mohiuddin Acquires 7-Unit Multifamily Property In West Los Angeles For $3.04M
SOLDMultiFamily

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

Navid Toomarian

Partners CRE

Broker

$7.4M

vol

3 deals

Broker

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