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835 West Rosecrans Avenue, ...

Neema Ahadian & Leo Laterza Acquire Gardena Multifamily For $15.5M
SOLDMultiFamily

Neema Ahadian & Leo Laterza Acquire Gardena Multifamily For $15.5M

835 West Rosecrans Avenue, Gardena, CA, USA

$15,525,000

$347/SF

Building Size

44,692 SF

Asset Type

MultiFamily

Closing

Apr 15, 2021

AI

A multifamily property located at 835 W. Rosecrans Ave. in Gardena has been sold for $15,525,000. The transaction took place on April 16, 2021. The property comprises 95 units, resulting in a per unit price of $163,421. The total square footage of the property is 44,692, with a price per square foot of $347.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $15,525,000
  • Address: 835 W. Rosecrans Ave.
  • Market: Gardena

The buyer's representatives involved in the deal were Neema Ahadian and Leo Laterza. They were represented by Matthew Kanner, the seller's representative.

Players

Neema Ahadian

Marcus & Millichap

Broker

$733M

vol

79 deals

Broker

Gardena 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

1.02%

Cash-on-Cash

-0.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93