Updated Dec 4, 2024
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
About this deal
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.
On the Map
$2,325,000
$567/SF
MultiFamily
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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