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
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