Updated Dec 20, 2023
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.
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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