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22228 Cass Avenue, Woodland...

Updated Dec 20, 2023

Jason Latimer & Megan Latimer Acquire Woodland Hills SFR For $2M
SOLDSingle Family Residence

Jason Latimer & Megan Latimer Acquire Woodland Hills SFR For $2M

22228 Cass Avenue, Woodland Hills, California 91364, United States

$2,000,000

$1,042/SF

Building Size

1,918 SF

Asset Type

Single Family Residence

Closing

Jan 30, 2022

About this deal

AI

The property involved in this transaction is a single-family residence located at 22228 Cass Ave in Woodland Hills. The sale took place on January 31, 2022.

Summary of transaction details:

  • Property Type: SFR
  • Transaction Amount: $2,000,000
  • Address: 22228 Cass Ave
  • Market: Woodland Hills

The buyer of the property is Jason Latimer and Megan Latimer, while the seller is Brian Hakimfar. The brokers involved in the deal are Fred Nabati and Michael Davoodpour from Trimax Realty Inc.

The property has a total square footage of 1,918, resulting in a price per square foot of $1,042.

According to a note from Trimax Realty, the seller initially tried to sell the property through a "Discount Brokerage" but was unsuccessful. The seller was then referred to Trimax Realty, Inc. where they revamped the marketing and gave the property the attention it needed. As a result, they were able to negotiate a solid price and get the seller $50,000 over the asking price. Trimax Realty can be contacted at (310) 388-9695 or via DM.

Players

Fred Nabati

Trimax Realty & Loan

Broker

$108.8M

vol

61 deals

Broker

Los Angeles Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $1K per square foot on a published $2M for 1,918 square feet (2022).

Visit Michael Davoodpour to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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