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
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