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Andrew Awaida & Mona Flaum Facilitate $2,850,000 Sale Of Inglewood Multifamily

Property Image
SOLD
$2,850,000

California

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MultiFamily7,661 SF
Sold 04/01/2024
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Property Image
SOLD

Andrew Awaida & Mona Flaum Facilitate $2,850,000 Sale Of Inglewood Multifamily

114 West 64th Place

See Similar Deals
MultiFamily7,661 SF
Sold 04/01/2024
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$372
Total Square Footage:7,661 SF
Transaction Type:Sale

Located at 114 West 64th Place in Inglewood, a six-unit multifamily complex was recently sold for $2,850,000. Each unit offers townhouse-style layouts and various amenities such as multi-zone HVAC systems, washer/dryer hook-ups, fireplaces, and hardwood floors. The property also includes underground parking facilities.

Summary of transaction details:

Andrew Awaida from Re/Max Optima represented the seller in this transaction, while Mona Flaum from Pinnacle Estate Properties acted as the broker. The deal highlighted the collaboration between these key individuals and companies in facilitating the successful sale of the property.

Players

Andrew Awaida
1 deal$2.9M volume(818) 404-1414
BROKER

Mona Flaum
Pinnacle Estate Properties
1 deal$2.9M volume(818) 621-9445
BROKER

Details

SOLD
IMAGE: Andrew Awaida & Mona Flaum DATE: 04/01/2024 ADDRESS: 114 West 64th Place MARKET: Inglewood ASSET TYPE: Multifamily SELLER'S REP: Andrew Awaida - Re/Max Optima BROKER: Mona Flaum - Pinnacle Estate Properties (@PinnacleEstate) SALE PRICE: $2,850,000 SF: 7,661 ~ PPSF: $372 NOTE: 114 West 64th Place in Inglewood, a six-unit multifamily complex, sold for $2,850,000. Each unit features townhouse-style layouts with amenities like multi-zone HVAC systems, washer/dryer hook-ups, fireplaces, and hardwood floors, along with underground parking.

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

$151,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,125.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,510.45
Annual Debt Service$162,125.45