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8520 Whitworth Dr

Lulu Han And Alice Johnson Buy 8520 Whitworth Dr Multifamily From Kian Madani And Bob Brown For $4.45M
SOLDMultiFamily

Lulu Han And Alice Johnson Buy 8520 Whitworth Dr Multifamily From Kian Madani And Bob Brown For $4.45M

8520 Whitworth Dr

$4,450,000

Building Size

Asset Type

MultiFamily

Closing

Mar 3, 2025

AI

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.

Players

Neema Ahadian

Marcus & Millichap

Broker

$733M

vol

79 deals

Broker

Alice Johnson

Buyer LLC

Buyer

$6.7M

vol

4 deals

Buyer

Lulu Han

Buyer
Buyer

Kian Madani

Seller
Seller

Jane Smith

Home Loans Inc.

Lender

$9.4M

vol

5 deals

Lender

Market 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

3.56%

Cash-on-Cash

-1.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93