Updated Mar 11, 2025
Golden Bee Properties Acquires 5 Property Multifamily Portfolio For $18.1M
825 East 108th Street, Los Angeles, CA, USA
$18,075,000
$3,031/SF
Building Size
5,962 SF
Asset Type
MultiFamily
Closing
Oct 15, 2019
About this deal
AI
A portfolio of five multifamily properties located in Canndu/Avalon Gardens, Park Mesa Height, and North Hills/Panorama City has been sold for a total price of $18,075,000. The properties included in the portfolio are situated at the following addresses: 825 E 108th Street, 6121 Crenshaw Boulevard, 6736-6780 West Boulevard, 14924 Roscoe Boulevard, and 14949 Roscoe Boulevard. The portfolio consists of a total of 105 units, with an average price per unit of $172,142.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $18,075,000
- Units: 105
- Price Per Unit: $172,142
The buyer of the portfolio is Golden Bee Properties, while the seller is The Armor Family Trust. Neema Ahadian of The Neema Group represented the buyer in the transaction.
Note: This transaction involves the sale of a portfolio consisting of five properties.
On the Map
$18,075,000
$3,031/SF
MultiFamily
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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
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93