Mohsen Fardghassemi Acquires Multifamily Property In East Hollywood For $5.1M
525 North Normandie Avenue, Los Angeles, California 90027, United States
$5,100,000
$489/SF
Building Size
10,420 SF
Asset Type
MultiFamily
Closing
Jun 30, 2022
AI
A multifamily property located at 525 N. Normandie Ave in East Hollywood has been sold for a price of $5,100,000. The property consists of 6 units, with each unit priced at $850,000. The total square footage of the property is 10,420, resulting in a price per square foot of $489.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,100,000
- Units: 6
- Price Per Unit: $850,000
- Square Footage: 10,420
- Price Per Square Foot: $489
- Address: 525 N. Normandie Ave
- Market: East Hollywood
The property was bought by Mohsen Fardghassemi from the sellers, Michael Monempour and Michael Shlomof. The deal was facilitated by Yohann Bensimon of Ikon Advisors.
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
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93