Updated Mar 11, 2025
Parkview Financial Provides $29M Loan For Mixed-Use Property In Leimert Park
4242 Crenshaw Boulevard, South Los Angeles, Los Angeles, CA, USA
$29,000,000
$5,800/SF
Building Size
5,000 SF
Asset Type
Mixed-use
Closing
Aug 16, 2021
About this deal
AI
4242 Crenshaw Boulevard in Leimert Park has been involved in a closed transaction. The mixed-use property was part of a loan deal with Parkview Financial, represented by Paul Rahimian, providing a loan amount of $29,000,000. The property, owned by Greenpointe Development, consists of 124 units.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $29,000,000
- Address: 4242 Crenshaw Boulevard
- Market: Leimert Park
- Lender: Parkview Financial - Paul Rahimian
- Landlord: Greenpointe Development
- Units: 124
In this transaction, Paul Rahimian, representing Parkview Financial, played a key role as the lender. The property, located at 4242 Crenshaw Boulevard, is a mixed-use asset in Leimert Park. Greenpointe Development acted as the landlord. The loan amount provided was $29,000,000.
Players
Los Angeles Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93