Neema Ahadian & Sean Nami Acquires Multifamily Property In East Hollywood For $5.9M

The multifamily property located at 4848 Lexington Ave in East Hollywood has been sold for $5,900,000. The transaction took place on February 9, 2021, and was represented by Neema Ahadian from @theneemagroup and Sean Nami. The property consists of 30 units with an average price per unit of $196,667. The total square footage is 20,874, resulting in a price per square foot of $282. The capitalization rate for this asset is 4.68%.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,900,000
• Units: 30
• Price per Unit: $196,667
• Square Footage: 20,874
• Price per Square Foot: $282
• Capitalization Rate: 4.68%

Neema Ahadian from @theneemagroup and Sean Nami were the brokers involved in this transaction. They played a significant role in facilitating the sale of the multifamily property on Lexington Ave. Their expertise contributed to the successful completion of the deal.