Updated Dec 18, 2023
Josh Kashani Acquires Multifamily Property In South Los Angeles From Ali Nowaid
928 W 83rd St, South Figueroa Corridor, Los Angeles, CA, USA
$1,280,000
$398/SF
Building Size
3,214 SF
Asset Type
MultiFamily
Closing
Aug 6, 2020
About this deal
AI
A multifamily property located at 928 W. 83rd St. in South Los Angeles has been sold for $1,280,000. The property consists of 7 units with a price per unit of $182,857. The total square footage of the property is 3,214, with a price per square foot of $398. The Gross Rent Multiplier (GRM) for the property is 10.68x, and the Capitalization Rate (CAP) is 5.87%.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,280,000
- Market: South Los Angeles
- Address: 928 W. 83rd St.
The buyer of the property is Josh Kashani, while the seller is Ali Nowaid. The deal was facilitated by Andy C. Kawatra, a representative from Marcus & Millichap.
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
12.39%
Cash-on-Cash
-3.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93