Updated Oct 28, 2024
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
About this deal
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.
On the Map
$4,200,000
$457/SF
MultiFamily
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Players
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
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93