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:
- Property Type: Multifamily
- Transaction Amount: $2,565,000
- Buyer: Mehrnoosh Akhavan
- Seller: Scott & Debbie Mund
- Broker: Sam Liberow - The Liberow Group - Marcus & Millichap Encino
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.
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