facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

traded

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Multifamily

/

Sale

/

713 Edgewood Street

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

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:

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
Verified Badge

Taylor Avakian

Lyon Stahl Investment Real Estate

Broker

$221.3M

vol

53 deals

Broker
Matthews
Matthews Brokerage

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