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Bill Lam Purchases Multifamily Asset At 4955 Rosewood Avenue From Howard And Robert Nevins For $3.495M

Property Image
SOLD
$3,495,000
Blas Fernandez
Melina Ghotanian

California

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MultiFamily15,208 SF
Sold 09/23/2025
the dealplayerscompscontact
Property Image
SOLD

Bill Lam Purchases Multifamily Asset At 4955 Rosewood Avenue From Howard And Robert Nevins For $3.495M

4955 Rosewood Avenue

See Similar Deals
MultiFamily15,208 SF
Sold 09/23/2025
Blas Fernandez
Melina Ghotanian
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$229
Total Square Footage:15,208 SF
Transaction Type:Sale

The property asset involved in this transaction is a multifamily building located at 4955 Rosewood Avenue in Los Angeles. The sale price was $3,495,000 for a total of 18 units. The building encompasses a square footage of 15,208, resulting in a price per unit of $194,166 and a price per square foot of $229.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,495,000
  • Units: 18
  • Square Footage: 15,208
  • Price Per Unit: $194,166
  • Price Per Square Foot: $229
  • Buyer: Bill Lam
  • Seller: Howard Nevins & Robert Nevins
  • Brokers: Blas Fernandez & Melina Ghotanian - IKON Properties

The key individuals involved in this transaction include the buyer Bill Lam and the sellers Howard Nevins and Robert Nevins. The brokers representing the sellers are Blas Fernandez and Melina Ghotanian from IKON Properties, facilitating the deal on behalf of the sellers.

Players

Blas Fernandez
IKON Properties
Blas Fernandez
33 deals$88.5M volume(818) 319-9191
BROKER
Melina Ghotanian
IKON Properties
Melina Ghotanian
2 deals$6.6M volume(818) 983-6766
BROKER

Details

SOLD
IMAGE: Blas Fernandez & Melina Ghotanian DATE: 09/23/2025 ADDRESS: 4955 Rosewood Avenue MARKET: Los Angeles ASSET TYPE: Multifamily BUYER: Bill Lam SELLER: Howard Nevins & Robert Nevins BROKERS: Blas Fernandez (@AgentBlas) & Melina Ghotanian (@Melina.commre) - IKON Properties (@IKON.Properties) SALE PRICE: $3,495,000 UNITS: 18 ~ PPU: $194,166 SF: 15,208 ~ PPSF: $229

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$186,400.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,416.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,568.08
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