Kiowa Olive LP Acquires Brentwood Multifamily From Claire Mullen Family Trust For $4.2M

11927 Kiowa Ave, Sawtelle, Los Angeles, CA, USA

$4,200,000

$457/SF

Building Size

9,190 SF

Asset Type

MultiFamily

Closing

Jul 30, 2020

AI

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.

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