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Daniel Damico & Joshua Altman Buy Marina Del Rey Multifamily For $2.075M As Buyer's Rep

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SOLD
$2,075,000

California

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MultiFamily2,208 SF
Sold 04/18/2024
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Property Image
SOLD

Daniel Damico & Joshua Altman Buy Marina Del Rey Multifamily For $2.075M As Buyer's Rep

116 Driftwood Street

See Similar Deals
MultiFamily2,208 SF
Sold 04/18/2024
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$939
Total Square Footage:2,208 SF
Transaction Type:Sale

In Marina del Rey, a multifamily property located at 116 Driftwood Street was sold for $2,075,000. The property spans 2,208 square feet and was purchased at a price per square foot of $940.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,075,000
  • Address: 116 Driftwood Street
  • Market: Marina del Rey

The buyer, represented by Daniel Damico and Joshua Altman of Douglas Elliman, acquired the property, while John Capiro from Re/Max Estate Properties handled the sale on behalf of the seller.

Players

Joshua (Josh) Altman
42 deals$577M volume
BROKER

John Capiro
Re/Max
1 deal$2.1M volume(310) 391-4544
BROKER

Daniel Damico
Douglas Elliman
1 deal$2.1M volume(310) 819-3250
BROKER

Details

SOLD
IMAGE: John Capiro, Daniel Damico & Joshua Altman DATE: 04/18/2024 ADDRESS: 116 Driftwood Street MARKET: Marina del Rey ASSET TYPE: Multifamily BUYER'S REP: Daniel Damico & Joshua Altman (@TheJoshAltman) - Douglas Elliman (@DouglasElliman) SELLER'S REP: John Capiro - Re/Max Estate Properties (@Remax) SALE PRICE: $2,075,000 SF: 2,208 ~ PPSF: $940 NOTE: In Marina del Rey, a multifamily property located at 116 Driftwood Street was sold for $2,075,000, with a price per square foot of $940. The buyer was represented by Daniel Damico and Joshua Altman of Douglas Elliman, while John Capiro of Re/Max Estate Properties represented the seller in the transaction.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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