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7045 South La Cienega Boule...

David Aryanpanah Purchases Multifamily Property From Bruce King For $1.4 Million In Los Angeles
SOLDMultiFamily

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

Zac Freehling

Pacific Partners Real Estate Investments

Broker

$237.5M

vol

61 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

11.33%

Cash-on-Cash

-3.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93