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Scott Tamkin Of Compass Brokers $2.325M Sale Of Westwood Multifamily Property

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SOLD
$2,325,000

California

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MultiFamily4,098 SF
Sold 06/24/2024
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SOLD

Scott Tamkin Of Compass Brokers $2.325M Sale Of Westwood Multifamily Property

10669 Kinnard Avenue

See Similar Deals
MultiFamily4,098 SF
Sold 06/24/2024
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$567
Total Square Footage:4,098 SF
Transaction Type:Sale

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

Scott Tamkin
3 deals$7M volume(310) 493-4141
BROKER

Details

SOLD
IMAGE: Scott Tamkin DATE: 06/24/2024 ADDRESS: 10669 Kinnard Avenue MARKET: Los Angeles ASSET TYPE: Multifamily BROKER: Scott Tamkin (@ScottTamkin) - Compass (@Compass) SALE PRICE: $2,325,000 UNITS: 4 ~ PPU: $581,250 SF: 4,098 ~ PPSF: $567 NOTE: Scott Tamkin of Compass brokered the $2,325,000 sale of a well-maintained 4-plex at 10669 Kinnard Avenue in Los Angeles's Westwood neighborhood. The property features two spacious 2-bedroom and two 1-bedroom units, with potential for ADU conversions and redevelopment under R3 zoning.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$124,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,260.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,021.69
Annual Debt Service$132,260.23