Updated Oct 29, 2024
Michael Bakhshi Acquires 20-Unit Multifamily Property In Los Angeles For $2.2M
1163 East 46th Street
$2,200,000
$317/SF
Building Size
6,934 SF
Asset Type
MultiFamily
Closing
Dec 7, 2022
About this deal
AI
A multifamily property located at 1163 East 46th Street in Los Angeles has been sold for $2,200,000. The property consists of 20 units, with a price per unit of $110,000. It spans across 6,934 square feet, resulting in a price per square foot of $317.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,200,000
- Address: 1163 East 46th Street
- Market: Los Angeles
- Units: 20
- Price per Unit: $110,000
- Square Footage: 6,934
- Price per Square Foot: $317
Michael Bakhshi has acquired the property from Castillo Properties. The transaction was facilitated by brokers Evelyn Baez and Olga Wright from Lyon Stahl.
On the Map
$2,200,000
$317/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93