Updated Sep 9, 2024
Cathy Kamran Brokers $8.2M Multifamily Sale In Westwood
1621 Malcolm Avenue, Los Angeles, California 90024, United States
$8,200,000
$650/SF
Building Size
12,600 SF
Asset Type
MultiFamily
Closing
Nov 3, 2021
About this deal
AI
A multifamily property located at 1621 Malcolm Ave in Westwood has been sold for a total of $8,200,000. The property consists of 4 units with an average price per unit of $2,050,000. The total square footage of the property is 12,600, resulting in a price per square foot of $650.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,200,000
- Units: 4
- Price per Unit: $2,050,000
- Square Footage: 12,600
- Price per Square Foot: $650
- Address: 1621 Malcolm Ave
- Market: Westwood
The sale was facilitated by Cathy Kamran from Keller Williams Beverly Hills, who represented the parties involved in the transaction.
Players
Los Angeles 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
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93