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11809 Courtleigh Drive, Los...

The Goldfinger Group Acquires Multi Family Property In Mar Vista, Los Angeles For $2.5M
SOLDMultiFamily

The Goldfinger Group Acquires Multi Family Property In Mar Vista, Los Angeles For $2.5M

11809 Courtleigh Drive, Los Angeles, CA 90066, USA

$2,525,000

$311/SF

Building Size

8,102 SF

Asset Type

MultiFamily

Closing

Oct 30, 2018

AI

A multi-family property located at 11809 Courtleigh Dr in Mar Vista, Los Angeles, was recently sold for $2,525,000 in September 2018. The property spans a total of 8,102 square feet, offering ample space for its residents. With a price per square foot of $311, this multi-family asset presents a lucrative opportunity for the new owners.

Summary of transaction details

  • Property Type: Multi Family
  • Transaction Amount: $2,525,000
  • Address: 11809 Courtleigh Dr, Los Angeles
  • Market: Mar Vista
  • Square Footage: 8,102
  • Price per Square Foot: $311
  • Number of Units: 10
  • Price per Unit: $252,500

The buyer of this multi-family property is The Goldfinger Group, who saw the potential in this investment opportunity. Casey Lins of 's agency facilitated the transaction, leveraging their expertise and knowledge of the market.

Players

Casey Lins

Kidder Mathews

Broker

$14.4M

vol

5 deals

Broker
The Goldfinger Group
The Goldfinger GroupBuyer

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

6.28%

Cash-on-Cash

-1.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93