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Meetu Jain Purchases Multifamily Asset From Garth & Craig Edwards For $2.3 Million

Property Image
SOLD
$2,300,000
Justino L. Fa’aola
Eric Chen
Brice Head

California

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Property Image
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Meetu Jain Purchases Multifamily Asset From Garth & Craig Edwards For $2.3 Million

11943 Grevillea Avenue

See Similar Deals
MultiFamily7,733 SF
Sold 09/05/2025
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$297
Total Square Footage:7,733 SF
Transaction Type:Sale

The property asset involved in the transaction is located at 11943 Grevillea Avenue in the market of Hawthorne. It is classified as a multifamily asset consisting of 10 units, totaling 7,733 square feet. The sale price for this property was set at $2,300,000, which translates to a price per unit of $230,000 and a price per square foot of $297.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,300,000
  • Address: 11943 Grevillea Avenue
  • Market: Hawthorne
  • Units: 10
  • Square Footage: 7,733
  • Price per Unit: $230,000
  • Price per Square Foot: $297

The buyer of this multifamily property is Meetu Jain, while the seller is Garth & Craig Edwards. The seller's representative in the transaction was Eric Chen, Brice Head, and Justino L. Fa’aola from CBRE.

Players

Eric Chen
CBRE
Eric Chen
108 deals$886.6M volume(626) 757-5717
BROKER
Justino L. Fa’aola
Compass
Justino L. Fa’aola
19 deals$78.4M volume(626) 315-7603
BROKER
Brice Head
CBRE
Brice Head
3 deals$8.9M volume(310) 344-8218
BROKER
CBRE
CBRE
BROKERAGE

Details

SOLD
IMAGE: Eric Chen, Brice Head & Justino L. Fa’aola DATE: 09/05/2025 ADDRESS: 11943 Grevillea Avenue MARKET: Hawthorne ASSET TYPE: Multifamily BUYER: Meetu Jain SELLER: Garth & Craig Edwards SELLER'S REP: Eric Chen (@Eric_c_Chen), Brice Head & Justino L. Fa’aola (@JustinFaaola) - CBRE (@CBRE) SALE PRICE: $2,300,000 UNITS: 10 ~ PPU: $230,000 SF: 7,733 ~ PPSF: $297

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$122,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08