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.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Vinnie Park to view all their deals.
Browse California multifamily sales on Traded.
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