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1420 West 179th Street, Gar...

Eli Patronas Acquires Gardena Multifamily For $5.8M
SOLDMultiFamily

Eli Patronas Acquires Gardena Multifamily For $5.8M

1420 West 179th Street, Gardena, California 90248, United States

$5,800,000

$301/SF

Building Size

19,248 SF

Asset Type

MultiFamily

Closing

Feb 28, 2022

AI

The multifamily property located at 1420 W. 179th St. in Gardena has been sold for a total of $5,800,000. The transaction took place on 03/01/2022 and involved a total of 24 units. The price per unit (PPU) was $241,666, and the property spans across 19,248 square feet, resulting in a price per square foot (PPSF) of $301. The buyer of the property was Eli Patronas, while the seller was Linda Call. The sale was facilitated by Sebastian Barahal and Shane Young of Young Lewin Advisors.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $5,800,000
  • Address: 1420 W. 179th St.
  • Market: Gardena
  • Buyer: Eli Patronas
  • Seller: Linda Call
  • Brokers: Sebastian Barahal & Shane Young - Young Lewin Advisors
  • Units: 24
  • Price per Unit (PPU): $241,666
  • Square Footage (SF): 19,248
  • Price per Square Foot (PPSF): $301

Sebastian Barahal and Shane Young of Young Lewin Advisors played crucial roles as brokers in this transaction, representing the buyer and seller respectively.

Players

Shane Young

Young Lewin Advisors

Broker

$21.2M

vol

6 deals

Broker

Eli Patronas

Buyer

$16M

vol

4 deals

Buyer

Gardena MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.73%

Cash-on-Cash

-0.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93