facebook

traded

+ Submit
Home

/

Deals

/

California

/

Multifamily

/

Sale

/

11538 National Boulevard, L...

Snowy Lee Acquires Mar Vista Multifamily For $4.4M From Seller Edward A. Holmen
SOLDMultiFamily

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.

Players

Dittany Zhang Seltzer

Berkshire Hathaway HomeServices

Broker

$31.4M

vol

4 deals

Broker

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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