Updated Sep 5, 2024
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
About this deal
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.
On the Map
$5,100,000
$489/SF
MultiFamily
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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