Updated Dec 19, 2023
Neema Ahadian - Marcus & Millichap Sells Multifamily Property In Westchester For $2.38M
5728 Morley Street, Los Angeles, California 90045, United States
$2,382,500
$375/SF
Building Size
6,354 SF
Asset Type
MultiFamily
Closing
Dec 20, 2021
About this deal
AI
Located in Westchester, the multifamily property at 5728 Morley St. recently changed hands in a sale transaction. The deal was facilitated by Neema Ahadian of Marcus & Millichap, representing the parties involved. The property features a total of 8 units, with a price per unit of $297,812. Spanning across 6,354 square feet, the property was sold for a total price of $2,382,500, equating to a price per square foot of $374.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,382,500
- Address: 5728 Morley St.
- Market: Westchester
- Broker: Neema Ahadian - Marcus & Millichap
- Units: 8
- Price per Unit: $297,812
- Square Footage: 6,354
- Price per Square Foot: $374
The involvement of Neema Ahadian from Marcus & Millichap highlights the significant role played by the broker in this transaction. The successful sale of the multifamily property demonstrates the expertise and negotiation skills of all parties involved.
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
6.66%
Cash-on-Cash
-1.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93