Updated Dec 21, 2023
Lindsey Paulson Acquires Multifamily Property On N. Beachwood Dr. In Los Angeles For $1.7M
1249 Beachwood Drive, Los Angeles, California 90038, United States
$1,695,000
$438/SF
Building Size
3,862 SF
Asset Type
MultiFamily
Closing
Feb 13, 2022
About this deal
AI
A multifamily property located at 1249 N. Beachwood Dr. in Los Angeles has been sold for $1,695,000. The property consists of 5 units, with a price per unit of $339,000. The total square footage of the property is 3,862, and the price per square foot is $438.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,695,000
- Address: 1249 N. Beachwood Dr., Los Angeles
- Market: Los Angeles
- Units: 5
- Price per Unit: $339,000
- Square Footage: 3,862
- Price per Square Foot: $438
The buyer of the property is Lindsey Paulson, and the seller is Manny Stevens. The deal was facilitated by brokers Lucas Vargas and Rick Raymundo from Marcus & Millichap.
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
9.36%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93