Paul Ling Acquires Multifamily Portfolio In Hawthorne For $26.5M
12512 Oxford Avenue, Hawthorne, California 90250, United States
$26,500,000
$332/SF
Building Size
79,618 SF
Asset Type
MultiFamily
Closing
May 19, 2022
AI
A multifamily property located at 12512 Oxford Ave., 3637 W. 139th St., 13714 Kornblum Ave., and 13528 Lemoli Ave. in Hawthorne has been sold for a total of $26,500,000. The property consists of 91 units with an average price per unit of $291,208. The total square footage of the property is 79,618, with an average price per square foot of $332.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $26,500,000
- Number of Units: 91
- Price per Unit: $291,208
- Total Square Footage: 79,618
- Price per Square Foot: $332
The buyer of this property is Paul Ling, while the seller is Pacific Coast LP, represented by John Swhope. The deal was facilitated by Jonathan Weir from Marcus & Millichap.
Hawthorne 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
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93