Hiri Etessami Purchases Multifamily Asset On Edgewood Street For $2.25M With Broker Representation
713 Edgewood Street
$2,250,000
$361/SF
Building Size
6,220 SF
Asset Type
MultiFamily
Closing
Oct 22, 2024
AI
The property involved in this transaction is a multifamily asset located at 713 Edgewood Street in Inglewood. The sale was finalized for a price of $2,250,000. This multifamily building comprises 8 units and offers a total square footage of 6,220. The price per unit stands at $281,250, while the price per square foot is $361.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,250,000
- Units: 8
- Square Footage: 6,220
- Price per Unit: $281,250
- Price per Square Foot: $361
- Buyer: Hiri Etessami
- Seller: Maxx Feldman & Eliyahu Korobkin
- Buyer's Representative: Babak Siminou - Simco Enterprises Inc
- Seller's Representatives: Jake Glaser & Taylor Avakian - Lyon Stahl Investment Real Estate
The transaction involved Hiri Etessami as the buyer, while the sellers were Maxx Feldman and Eliyahu Korobkin. Babak Siminou from Simco Enterprises Inc represented the buyer in this deal, and Jake Glaser and Taylor Avakian from Lyon Stahl Investment Real Estate represented the sellers.
Players
Inglewood MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93