facebook

traded

+ Submit
Home

/

Deals

/

California

/

Multifamily

/

Sale

/

1641 Crenshaw Blvd, Los Ang...

Baywest Investment Acquires Mid-City Multifamily From Factor Investments For $3.4M
SOLDMultiFamily

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

Brendan Brown

Compass

Broker

$32.8M

vol

2 deals

Broker

Los Angeles 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

4.62%

Cash-on-Cash

-1.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93