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10669 Kinnard Avenue

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

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

Scott Tamkin

Compass

Broker

$7M

vol

3 deals

Broker

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

6.82%

Cash-on-Cash

-1.95%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93