Michael Bakhshi Acquires 20-Unit Multifamily Property In Los Angeles For $2.2M
SOLD
$2,200,000
New York
See Similar DealsMultiFamily6,934 SF
Sold 12/07/2022
SOLD
Michael Bakhshi Acquires 20-Unit Multifamily Property In Los Angeles For $2.2M
1163 East 46th Street
See Similar DealsMultiFamily6,934 SF
Sold 12/07/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$317
Total Square Footage:6,934 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$117,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47
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