Scott Tamkin Of Compass Brokers $2.325M Sale Of Westwood Multifamily Property
10669 Kinnard Avenue
$2,325,000
$567/SF
Building Size
4,098 SF
Asset Type
MultiFamily
Closing
Jun 24, 2024
AI
The 4-plex at 10669 Kinnard Avenue in Los Angeles's Westwood neighborhood has been sold for $2,325,000. The property consists of two spacious 2-bedroom units, two 1-bedroom units, totaling 4 units, with a total square footage of 4,098 and a price per unit of $581,250 and a price per square foot of $567.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,325,000
- Units: 4
- Total Square Footage: 4,098
- Price per Unit: $581,250
- Price per Square Foot: $567
- Address: 10669 Kinnard Avenue
- Market: Los Angeles
Scott Tamkin from Compass played a crucial role as the broker in facilitating the sale of the property. The 4-plex has the potential for ADU conversions and redevelopment under R3 zoning, offering avenues for future development and added value to the new owners.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.82%
Cash-on-Cash
-1.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93