Updated Dec 19, 2023
Neema Ahadian Acquires Multifamily Property In Harvard Heights For $33.5M
Harvard Heights, Los Angeles, CA, USA
$33,500,000
$243/SF
Building Size
137,859 SF
Asset Type
MultiFamily
Closing
Dec 30, 2019
About this deal
AI
Multifamily property in Harvard Heights, known as Mid-City Collection, was recently sold for a price of $33,500,000. The transaction took place on 12/31/2019. The property spans a total area of 137,859 square feet and has a price per square foot of $243. It consists of 175 units, with an average price per unit of $191,428.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $33,500,000
- Address: Mid-City Collection, Harvard Heights
- Market: Harvard Heights
- Square Footage: 137,859
- Price per Square Foot: $243
- Number of Units: 175
- Price per Unit: $191,428
The sale was facilitated by Neema Ahadian of the Neema Ahadian agency. Neema Ahadian acted as the broker for this transaction, representing the parties involved in the deal.
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
0.47%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93