Baywest Investment Acquires Mid-City Multifamily From Factor Investments For $3.4M
1641 Crenshaw Blvd, Los Angeles, CA 90019, USA
$3,435,000
$2,930/SF
Building Size
1,172 SF
Asset Type
MultiFamily
Closing
Apr 29, 2020
AI
A multifamily property located at 1641 Crenshaw Blvd in Mid-City has been sold in a closed transaction. The property spans 11,728 square feet and was sold for a total price of $3,435,000. The price per square foot for this property is $292.89. It consists of 18 units, with a price per unit of approximately $190,833.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,435,000
- Market: Mid-City
- Address: 1641 Crenshaw Blvd
- Square Footage: 11,728
- Price per Square Foot: $292.89
- Number of Units: 18
- Price per Unit: $190,833
Baywest Investment has acquired the property from Factor Investments. The brokers responsible for this transaction are Shaya Braverman and Brendan Brown.
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
4.62%
Cash-on-Cash
-1.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93