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8153 Blackburn Avenue

Herbert Hakimianpour Acquires Multifamily Property In Los Angeles For $2.6M
SOLDMultiFamily

Herbert Hakimianpour Acquires Multifamily Property In Los Angeles For $2.6M

8153 Blackburn Avenue

$2,600,000

$329/SF

Building Size

7,884 SF

Asset Type

MultiFamily

Closing

Oct 12, 2023

AI

The multifamily property located at 8153 Blackburn Avenue in Los Angeles has been sold for $2,600,000. The property consists of 6 units, with a price per unit of $433,333. The total square footage of the property is 7,884, with a price per square foot of $330.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,600,000
  • Units: 6
  • Price Per Unit: $433,333
  • Square Footage: 7,884
  • Price Per Square Foot: $330
  • Address: 8153 Blackburn Avenue
  • Market: Los Angeles

The buyer of the property is Herbert Hakimianpour, while the seller is Arlene Seltzer. The transaction was facilitated by Marcus & Millichap, with Richard Ringer and Yana Vlady serving as the brokers representing both parties.

Players

Richard Ringer

Marcus & Millichap

Broker

$169.7M

vol

19 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

6.10%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93