Dinesh Mangalick Acquires Multifamily Property In Gardena For $13.9M
SOLD
$13,933,800
California
See Similar DealsMultiFamily37,494 SF
Sold 12/15/2021
SOLD
Dinesh Mangalick Acquires Multifamily Property In Gardena For $13.9M
13605 South Vermont Avenue, Gardena, CA 90247
See Similar DealsMultiFamily37,494 SF
Sold 12/15/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$371
Total Square Footage:37,494 SF
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$743,136.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$49,503.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$66,053.32
Annual Debt Service$792,639.85
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