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6111 Horner Street

Mehrnoosh Akhavan Buys Multifamily Property On Horner Street For $2.56M
SOLDMultiFamily

Mehrnoosh Akhavan Buys Multifamily Property On Horner Street For $2.56M

6111 Horner Street

$2,565,000

$396/SF

Building Size

6,472 SF

Asset Type

MultiFamily

Closing

Apr 10, 2024

AI

The multifamily property located at 6111 Horner Street in Pico-Robertson was recently involved in a sale transaction. The property consists of 7 units with a total square footage of 6,472. The sale price for this asset was $2,565,000, resulting in a price per unit of $366,429 and a price per square foot of $396.

Summary of transation details:

The sale was facilitated by Sam Liberow from The Liberow Group, representing both the buyer, Mehrnoosh Akhavan, and the seller, Scott & Debbie Mund. The transaction took place on 04/10/2024, marking a significant deal in the Pico-Robertson market. Notably, the buyer and seller were accompanied by their respective broker, ensuring a smooth and successful closing for the sale of this multifamily property.

Players

Sam Liberow

Marcus & Millichap

Broker

$762.3M

vol

105 deals

Broker

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

6.18%

Cash-on-Cash

-1.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93