Part Time Properties Acquires Multifamily Property In Palms, Los Angeles For $7.1M
10201 Woodbine St, Palms, Los Angeles, CA, USA
$7,100,000
$412/SF
Building Size
17,222 SF
Asset Type
MultiFamily
Closing
Dec 7, 2020
AI
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
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.23%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93