Updated Dec 21, 2023
Shahdad Javaheri Acquires 8-Unit Multifamily In Miracle Mile For $3.4M
845 South Mansfield Avenue, Los Angeles, California 90036, United States
$3,400,000
$395/SF
Building Size
8,597 SF
Asset Type
MultiFamily
Closing
Mar 22, 2022
About this deal
AI
The recently closed transaction in Miracle Mile involved the sale of a multifamily property located at 845 S. Mansfield Ave. The property spans across 8,597 square feet and consists of 8 units. The sale price for this asset was $3,400,000, resulting in a price per unit of $425,000 and a price per square foot of $395.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,400,000
- Address: 845 S. Mansfield Ave.
- Market: Miracle Mile
- Units: 8
- Price per Unit: $425,000
- Square Footage: 8,597
- Price per Square Foot: $395
The buyer in this transaction was Shahdad Javaheri, while George Chronis acted as the seller. Vinnie Park from Coldwell Banker represented the seller in this deal.
On the Map
$3,400,000
$395/SF
MultiFamily
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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
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93