Mehrnoosh Akhavan Buys Multifamily Property On Horner Street For $2.56M
SOLD
$2,565,000
California
See Similar DealsMultiFamily6,472 SF
Sold 04/10/2024
SOLD
Mehrnoosh Akhavan Buys Multifamily Property On Horner Street For $2.56M
6111 Horner Street
See Similar DealsMultiFamily6,472 SF
Sold 04/10/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$396
Total Square Footage:6,472 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$136,800.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,112.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,159.41
Annual Debt Service$145,912.90
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