Updated Mar 24, 2025
John McCann And Caroline Kuo Acquire Multifamily Property In Silverlake For $8.32M With Michael Monempour As Buyer's Rep
966 Sanborn Avenue
$8,320,000
$456/SF
Building Size
18,224 SF
Asset Type
MultiFamily
Closing
Mar 19, 2025
About this deal
AI
The property asset involved in this transaction is a MultiFamily unit located at 966 Sanborn Avenue in the Silverlake & NoHo Arts District. The transaction was finalized at a price of $8,320,000.00 for a total of 10 units encompassing 18,224 square feet.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $8,320,000.00
- Units: 10
- Square Footage: 18,224
- Address: 966 Sanborn Avenue
- Market: Silverlake & NoHo Arts District
- Buyer: John McCann and Caroline Kuo
- Seller: Michael Hanan Saman
- Buyer’s Representative: Michael Monempour, Lyon Stahl Investment Real Estate
This transaction involved John McCann and Caroline Kuo as the buyers, represented by Michael Monempour from Lyon Stahl Investment Real Estate. The seller in this deal was Michael Hanan Saman, reflecting a collaborative negotiation process between the involved parties.
Players
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
1.91%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93