Jamshid Niknam Acquires 8-Unit Multifamily In West LA From Conrad Moller
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This MultiFamily property located in CA was sold for $8,990,000 over 2 years ago. The brokers of the deal were Parham Khoshbakhtian, Jenny Eng, Glen Scher, and Filip (Fil) Niculete
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- Location1261 Stoner Ave, Los Angeles, CA, USA
- Sale Price$8,990,000$782 PPSF
- Area11,485 SF
- Asset TypeMultiFamily
- Parties4 Brokers, 2 Agencies
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Deal Summary
SALE
IMAGE: Conrad Moller, Glen Scher, Filip Niculete, Parham Khoshbakhtian & Jenny Eng
DATE: 12/02/2021
ADDRESS: 1261 Stoner Ave.
MARKET: West Los Angeles
ASSET TYPE: Multifamily
BUYER: Jamshid Niknam
SELLER: Conrad Moller (@Con_am)
BROKERS: Filip Niculete (@FNiculete) & Glen Scher (@ScherGlen) (LAAA Team) (@LAAATeam) - Marcus & Millichap, Jenny Eng - CBRE & Parham Khoshbakhtian - Bruin Capital
SALE PRICE: $8,990,000
UNITS: 8 ~ PPU: $1,112,500
SF: 11,485 ~ PPSF: $774
GRM: 18.32x
CAP: 3.52%
NOTE FROM BROKER: Sold for Over $1.1M per Unit!
Highest Price per Unit Ever in West LA
Selling Numbers:
$1,123,750 per Unit
$782.76 per SqFt
3.52% CAP. 18.32 GRM
Built in 2019 by Conrad Moller of Dansk Investment Group, Inc
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1261 Stoner Avenue
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