SOLD
Josh Kashani Acquires Multifamily Property In South Los Angeles From Ali Nowaid
928 West 83rd Street
MultiFamily
3,214 SF
3,214 SF
Summary
Sale
CALIFORNIA
MultiFamily
3,214 sqft
A multifamily property located at 928 W. 83rd St. in South Los Angeles has been sold for $1,280,000. The property consists of 7 units with a price per unit of $182,857. The total square footage of the property is 3,214, with a price per square foot of $398. The Gross Rent Multiplier (GRM) for the property is 10.68x, and the Capitalization Rate (CAP) is 5.87%.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,280,000
- Market: South Los Angeles
- Address: 928 W. 83rd St.
The buyer of the property is Josh Kashani, while the seller is Ali Nowaid. The deal was facilitated by Andy C. Kawatra, a representative from Marcus & Millichap.
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Details
SOLD
IMAGE: Andy C. Kawatra
DATE: 08/06/2021
ADDRESS: 928 W. 83rd St.
MARKET: South Los Angeles
ASSET TYPE: Multifamily
BUYER: Josh Kashani
SELLER: Ali Nowaid
BROKER: Andy C. Kawatra (@GettinSwiggyWitIt) - Marcus & Millichap
SALE PRICE: $1,280,000
UNITS: 7 ~ PPU: $182,857
SF: 3,214 ~ PPSF: $398
GRM: 10.68x
CAP: 5.87%View on map
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Address928 West 83rd Street
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