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5728 Morley Street, Los Ang...

Updated Dec 19, 2023

Neema Ahadian - Marcus & Millichap Sells Multifamily Property In Westchester For $2.38M
SOLDMultiFamily

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.

Players

Neema Ahadian

Marcus & Millichap

Broker

$733M

vol

79 deals

Broker

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $375 per square foot on a published $2.4M for 6,354 square feet (2021).

Visit Neema Ahadian to view all their deals.

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

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