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13605 South Vermont Avenue,...

Dinesh Mangalick Acquires Multifamily Property In Gardena For $13.9M
SOLDMultiFamily

Dinesh Mangalick Acquires Multifamily Property In Gardena For $13.9M

13605 South Vermont Avenue, Gardena, CA 90247

$13,933,800

$371/SF

Building Size

37,494 SF

Asset Type

MultiFamily

Closing

Dec 15, 2021

AI

A multifamily property located at 13605 S. Vermont Ave. in Gardena has been sold for a price of $13,933,800. The transaction took place on December 15, 2021. The property consists of 66 units, with a price per unit of $211,118. The total square footage of the property is 37,494, with a price per square foot of $371.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $13,933,800
  • Address: 13605 S. Vermont Ave.
  • Market: Gardena

The buyer of the property is Dinesh Mangalick, while the seller is Tyrone Vaughan. The deal was facilitated by brokers Jonathan Weir and Neema Ahadian of Marcus & Millichap.

Players

Jonathan Weir

Marcus & Millichap

Broker

$69.8M

vol

6 deals

Broker

Gardena 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

1.14%

Cash-on-Cash

-0.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93