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Hiri Etessami Purchases Multifamily Asset On Edgewood Street For $2.25M With Broker Representation

Property Image
SOLD
$2,250,000
Taylor Avakian

California

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MultiFamily6,220 SF
Sold 10/22/2024
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Property Image
SOLD

Hiri Etessami Purchases Multifamily Asset On Edgewood Street For $2.25M With Broker Representation

713 Edgewood Street

See Similar Deals
MultiFamily6,220 SF
Sold 10/22/2024
Taylor Avakian
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$361
Total Square Footage:6,220 SF
Transaction Type:Sale

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:

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

Taylor Avakian
53 deals$221.3M volume(916) 996-4421
BROKER

Jake Glaser
Lyon Stahl Investment Real Estate
68 deals$158.2M volume(347) 461-6043
BROKER


Matthews
BROKERAGE

Details

SOLD
IMAGE: Jake Glaser & Taylor Avakian DATE: 10/22/2024 ADDRESS: 713 Edgewood Street MARKET: Inglewood ASSET TYPE: Multifamily BUYER: Hiri Etessami SELLER: Maxx Feldman & Eliyahu Korobkin BUYER'S REP: Babak Siminou - Simco Enterprises Inc SELLER'S REP: Jake Glaser (@TheGlaserGroup) & Taylor Avakian (@Taylor_Avakian) - Lyon Stahl Investment Real Estate (@LyonStahl) SALE PRICE: $2,250,000 UNITS: 8 ~ PPU: $281,250 SF: 6,220 ~ PPSF: $361

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$120,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,993.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,666.15
Annual Debt Service$127,993.77