David Aryanpanah Purchases Multifamily Property From Bruce King For $1.4 Million In Los Angeles
7045 South La Cienega Boulevard
$1,400,000
$377/SF
Building Size
3,706 SF
Asset Type
MultiFamily
Closing
Oct 15, 2024
AI
The property asset involved in this transaction is a multifamily building located at 7045 South La Cienega Boulevard in the Los Angeles market. The sale price for the property was $1,400,000, which translates to a price per unit of $280,000 for its 5 units. The total square footage of the property is 3,706, resulting in a price per square foot of $377.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,400,000
- Address: 7045 South La Cienega Boulevard
- Market: Los Angeles
- Units: 5
- Price per Unit: $280,000
- Square Footage: 3,706
- Price per Square Foot: $377
- Buyer: David Aryanpanah
- Seller: Bruce King
- Brokers: Zac Freehling & Tyler Farrar - Pacific Partners Real Estate Investments
The deal was executed with David Aryanpanah as the buyer and Bruce King as the seller. Zac Freehling and Tyler Farrar from Pacific Partners Real Estate Investments represented the transaction, facilitating the deal between the involved parties.
Players
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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93