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
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