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Swami International Purchases Lawndale Multifamily Asset From Anita Oakley For $3.19M

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SOLD
$3,190,000

California

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MultiFamily12,800 SF
Sold 03/05/2025
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Property Image
SOLD

Swami International Purchases Lawndale Multifamily Asset From Anita Oakley For $3.19M

14530 Freeman Avenue

See Similar Deals
MultiFamily12,800 SF
Sold 03/05/2025
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$249
Total Square Footage:12,800 SF
Transaction Type:Sale

The asset involved in this transaction is a multifamily property located at 14530 Freeman Avenue in Lawndale. The sale price of the property was $3,190,000. The property consists of 10 units, encompassing a total square footage of 12,800, resulting in a price per unit of $319,000 and a price per square foot of $249.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,190,000
  • Units: 10
  • Square Footage: 12,800
  • Price Per Unit: $319,000
  • Price Per Square Foot: $249
  • Buyer: Swami International
  • Seller: Anita Oakley
  • Buyer's Representative: Kevin Kawaoka, - NAI Global

The deal involved key insights from Kevin Kawaoka, who highlighted challenges related to insurance compliance. During the closing process, a credit was secured for the buyer to upgrade the electrical panel. Additionally, the roof replacement requirement was addressed through negotiations. The buyer intends to renovate the units to align rents with market rates. The seller successfully completed a 1031 exchange, meeting their investment objectives.

Players

Kevin Kawaoka
NAI Global
Kevin Kawaoka
4 deals$32.2M volume(310) 560-7184
BROKER

Details

SOLD
IMAGE: Kevin Kawaoka DATE: 03/05/2025 ADDRESS: 14530 Freeman Avenue MARKET: Lawndale ASSET TYPE: Multifamily BUYER: Swami International SELLER: Anita Oakley BUYER'S REP: Kevin Kawaoka (@BluechipInvestmentGroup), (@KlasikBeats) - NAI Global (@NAI.Global) SALE PRICE: $3,190,000 UNITS: 10 ~ PPU: $319,000 SF: 12,800 ~ PPSF: $249 NOTE FROM BROKER: Kevin noted, “This deal had its hurdles, particularly with insurance compliance. We secured a credit for the buyer to upgrade the electrical panel during closing and addressed the roof replacement requirement through strategic negotiations, ensuring a seamless transaction. The buyer plans to renovate the units and align rents with market rates.” The seller completed a 1031 exchange, fulfilling their investment goals. This deal reflects strong demand for well-positioned multifamily assets in the South Bay and underscores Kevin Kawaoka’s expertise in navigating complex deals in a competitive market.

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