Navid Farahmand Purchases 863 South Bedford Street Multifamily For $2.31M With Broker Michael Kamara

The property asset involved in the transaction is a multifamily building located at 863 South Bedford Street, Los Angeles. The asset was sold for a transaction amount of $2,310,000, comprising 8 units and a total square footage of 7,372, which translates to a price per unit of $288,750 and a price per square foot of $313.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $2,310,000
• Units: 8
• Price Per Unit: $288,750
• Square Footage: 7,372
• Price Per Square Foot: $313
• Cap Rate: 6.04%
• Gross Rent Multiplier: 10.03
• Buyer: Navid Farahmand
• Seller: Miriam Feldstein
• Buyer's Representative: Michael Kamara - The Kamara Multifamily Group
• Seller's Representatives: Taylor Avakian & Freddie Gershinson - Lyon Stahl Investment Real Estate
• Date of Sale: 10/29/2026

The deal was conducted in under 60 days, showcasing efficiency in the transaction process. The transaction was recognized as a clean and swift completion, facilitated by the representing groups, The Group CRE and The Kamara Group of Lyon Stahl, who played crucial roles in bringing the buyer and seller together.