Lulu Han And Alice Johnson Buy 8520 Whitworth Dr Multifamily From Kian Madani And Bob Brown For $4.45M
SOLD
California
See Similar DealsMultiFamily
Sold 03/03/2025
SOLD
Lulu Han And Alice Johnson Buy 8520 Whitworth Dr Multifamily From Kian Madani And Bob Brown For $4.45M
8520 Whitworth Dr
See Similar DealsMultiFamily
Sold 03/03/2025
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
The property asset involved in this transaction is a MultiFamily type located at 8520 Whitworth Dr. The transaction was finalized on 03/03/2025 for a price of $4,450,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $4,450,000.00
- Address: 8520 Whitworth Dr
- Buyer: Lulu Han and Alice Johnson (Buyer LLC)
- Seller: Kian Madani and Bob Brown (Seller Corp.)
- Brokers: Jeffrey Estrada (Marcus & Millichap), Neema Ahadian (Marcus & Millichap)
The deal was executed with notable representations by Jeffrey Estrada and Neema Ahadian from Marcus & Millichap, acting as the brokers involved in this transaction, supporting both the buyer and the seller throughout the process.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$237,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,809.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,095.27
Annual Debt Service$253,143.24
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