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5435 Bellingham Avenue

David Soferi Acquires Multifamily Property In Valley Village For $2.55M
SOLDMultiFamily

David Soferi Acquires Multifamily Property In Valley Village For $2.55M

5435 Bellingham Avenue

$2,550,000

$288/SF

Building Size

8,854 SF

Asset Type

MultiFamily

Closing

Dec 12, 2023

AI

The multifamily property located at 5435 Bellingham Avenue in Valley Village has been sold in a closed transaction. The property consists of 11 units with a price per unit (PPU) of $231,818. The total square footage of the property is 8,854, with a price per square foot (PPSF) of $288. The sale price for this transaction was $2,550,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,550,000
  • Units: 11
  • Price Per Unit: $231,818
  • Square Footage: 8,854
  • Price Per Square Foot: $288
  • Address: 5435 Bellingham Avenue, Valley Village

The buyer of this property is David Soferi, while the seller is Scott Widell. The transaction was facilitated by Tony Sameyah and Reza Ghobadi from Colliers International.

Players

Reza Ghobadi

Colliers

Broker

$277.6M

vol

37 deals

Broker

Scott Widell

Seller

$7.5M

vol

3 deals

Seller

Valley Village 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

6.22%

Cash-on-Cash

-1.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93