Snowy Lee Acquires Mar Vista Multifamily For $4.4M From Seller Edward A. Holmen
11538 National Boulevard, Los Angeles, California 90064, United States
$4,400,000
$799/SF
Building Size
5,502 SF
Asset Type
MultiFamily
Closing
Feb 21, 2022
AI
Located at 11538 National Blvd in Mar Vista, this multifamily property was recently sold for $4,400,000. The transaction took place on February 22, 2022. The property consists of 8 units, with an average price per unit of $550,000. The total square footage of the property is 5,502, resulting in a price per square foot of $799.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,400,000
- Address: 11538 National Blvd.
- Market: Mar Vista
- Buyer: Snowy Lee
- Seller: Edward A. Holmen
- Broker: Dittany Zhang Seltzer - Berkshire Hathaway HomeServices California Properties
- Units: 8
- Price per Unit: $550,000
- Square Footage: 5,502
- Price per Square Foot: $799
Dittany Zhang Seltzer from Berkshire Hathaway HomeServices California Properties represented both the buyer, Snowy Lee, and the seller, Edward A. Holmen, in this transaction. The involvement of a broker adds an extra layer of expertise and professionalism to the deal.
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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93