SOLD
Kiowa Olive LP Acquires Brentwood Multifamily From Claire Mullen Family Trust For $4.2M
11927 Kiowa Avenue
MultiFamily
9,190 SF
9,190 SF
Sold 1 year ago
Summary
Sale
CALIFORNIA
MultiFamily
9,190 sqft
The multifamily property located at 11927 Kiowa Ave in Brentwood has been sold. The transaction took place on 07/30/2021 between the buyer, Kiowa Olive LP, and the seller, Claire Mullen Family Trust. The property consists of 9 units, with a total square footage of 9,190. The asking price and sale price for this transaction were both $4,200,000. The price per unit is $466,666, and the price per square foot is $457. The Gross Rent Multiplier (GRM) for this property is 17.2x, and the Capitalization Rate (CAP) is 4.06%.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,200,000
- Address: 11927 Kiowa Ave
- Market: Brentwood
Michael Monempour and David Saghian served as the brokers for this transaction, representing both the buyer and the seller. They facilitated the deal between Kiowa Olive LP and Claire Mullen Family Trust.
Players
All
4
Agents
2
Agencies
2
Details
SOLD
IMAGE: Michael Monempour & David Saghian
DATE: 07/30/2021
ADDRESS: 11927 Kiowa Ave.
MARKET: Brentwood
ASSET TYPE: Multifamily
BUYER: Kiowa Olive LP
SELLER: Claire Mullen Family Trust
BROKERS: Michael Monempour (@Mike_Monem) & David Saghian (@DavidSaghian10)
ASKING PRICE: $4,200,000
SALE PRICE: $4,200,000
UNITS: 9 ~ PPU: $466,666
SF: 9,190 ~ PPSF: $457
GRM: 17.2x
CAP: 4.06%View on map
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Address11927 Kiowa Avenue
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