Updated Mar 11, 2025
TK LLC Acquires Multifamily Property In Westdale/Palms For $10.9M
3315 Motor Avenue, Los Angeles, CA 90034, USA
$10,900,000
$300/SF
Building Size
36,300 SF
Asset Type
MultiFamily
Closing
Jan 30, 2020
About this deal
AI
A multifamily property located at 3315 Motor Ave in the Westdale/Palms market has recently been involved in a closed transaction. The property spans a total square footage of 36,300 and consists of 50 units. The deal was facilitated by Alina Mardesich of TK LLC acting as the broker representative.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,900,000
- Lender: George Smith Partners
- Landlord: TK LLC
- Loan Terms: 4.99% Pay Rate, 7.99% Accrual Rate, Acquisition Bridge
George Smith Partners provided a loan in the amount of $10,900,000 for the acquisition of the multifamily property. The loan terms include a 4.99% pay rate and a 7.99% accrual rate. Alina Mardesich of TK LLC represented the buyer in this transaction.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.46%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93