Stephen Han Acquires Multifamily Property At 8520 Whitworth Drive From Hamid Razipour For $4.45M
SOLD
$4,450,000
California
See Similar DealsMultiFamily9,993 SF
Sold 12/28/2025
SOLD
Stephen Han Acquires Multifamily Property At 8520 Whitworth Drive From Hamid Razipour For $4.45M
8520 Whitworth Drive
See Similar DealsMultiFamily9,993 SF
Sold 12/28/2025
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$445
Total Square Footage:9,993 SF
Transaction Type:Sale
The property located at 8520 Whitworth Drive is a multifamily asset in the Los Angeles market, covering a total square footage of 9,993. It consists of seven luxury units and was built in 2017. The sale price was $4,450,000, resulting in a price per unit of $635,714 and a price per square foot of $445.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,450,000
- Units: 7
- Square Footage: 9,993
- Price Per Unit: $635,714
- Price Per Square Foot: $445
- Buyer: Stephen Han
- Seller: Hamid Razipour
- Brokers: Neema Ahadian & Jeffrey Estrada - Marcus & Millichap
The transaction highlights the efforts of The Neema Group of Marcus & Millichap, which targeted local buyers interested in high-quality non-RSO assets. The successful closing of this property is a notable achievement for the brokerage team.
Players
BROKERAGE
Details
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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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