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Part Time Properties Acquires Multifamily Property In Palms, Los Angeles For $7.1M

Property Image
SOLD
$7,100,000
Parker Boehle
Cameron Samimi

California

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MultiFamily17,222 SF
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Property Image
SOLD

Part Time Properties Acquires Multifamily Property In Palms, Los Angeles For $7.1M

10201 Woodbine St, Palms, Los Angeles, CA, USA

See Similar Deals
MultiFamily17,222 SF
Sold
Parker Boehle
Cameron Samimi
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$412
Total Square Footage:17222 SF
Transaction Type:Sale

An multifamily property located at 10201 Woodbine St. in Palms, Los Angeles, has been sold. The transaction took place on 12/08/2020.

Summary of transaction details

  • Property Type: Multifamily
  • Sale Price: $7,100,000
  • Number of Units: 19
  • Price Per Unit: $373,684
  • Square Footage: 17,222
  • Price Per Square Foot: $412
  • CAP Rate: 4.78%

The buyer of the property is Part Time Properties, while the seller is Al Kad. The deal was facilitated by brokers Cameron Samimi and Parker Boehle of Samimi Investments.

Note: No additional information is available regarding the property transaction.

Players

Cameron Samimi
Lyon Stahl Investment Real Estate
Cameron Samimi
47 deals$126.7M volume(310) 259-7556
BROKER
Parker Boehle
NorthMarq
Parker Boehle
6 deals$20.1M volume
BROKER

Details

SOLD
IMAGE: Parker Boehle & Cameron Samimi DATE: 12/08/2020 ADDRESS: 10201 Woodbine St. MARKET: Palms, Los Angeles ASSET TYPE: Multifamily BUYER: Part Time Properties SELLER: Al Kad BROKERS: Cameron Samimi & Parker Boehle @Samimi_Investments SALE PRICE: $7,100,000 UNITS: 19 ~ PPU: $373,684 SF: 17,222 ~ PPSF: $412 CAP: 4.78%

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Operating Income
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$25,224.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,657.62
Annual Debt Service$403,891.47