John McCann And Caroline Kuo Acquire Multifamily Property In Silverlake For $8.32M With Michael Monempour As Buyer's Rep
SOLD
$8,320,000
California
See Similar DealsMultiFamily18,224 SF
Sold 03/19/2025
SOLD
John McCann And Caroline Kuo Acquire Multifamily Property In Silverlake For $8.32M With Michael Monempour As Buyer's Rep
966 Sanborn Avenue
See Similar DealsMultiFamily18,224 SF
Sold 03/19/2025
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$456
Total Square Footage:18,224 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$443,733.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,559.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,441.04
Annual Debt Service$473,292.54
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