Updated Dec 21, 2023
Doug Abrahms Acquires Marina Del Rey Condo From Gail Overton
13000 Mindanao Way, Marina del Rey, CA 90292
$500,000
$261/SF
Building Size
1,912 SF
Asset Type
—
Closing
Jan 7, 2022
About this deal
AI
Located in Marina Del Rey, this transaction involves the sale of a condo at 13000 Mindanao Way 2. The property spans 1,912 square feet and was sold for a price of $500,000, resulting in a price per square foot of $261.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $500,000
- Date: 01/07/2022
- Market: Marina Del Rey
- Buyer: Doug Abrahms
- Seller: Gail Overton
- Broker: Fred Nabati - Trimax Realty Inc.
The buyer in this transaction is Doug Abrahms, and the seller is Gail Overton. Facilitating the deal was broker Fred Nabati from Trimax Realty Inc.
Los Angeles CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $261 per square foot on a published $500K for 1,912 square feet (2022).
Visit Fred Nabati to view all their deals.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
31.73%
Cash-on-Cash
-9.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93