Updated Dec 21, 2023
Samuwel Malik Acquires Multifamily Property On Sunset Blvd. In Pacific Palisades For $4.6M
16411 W Sunset Blvd, Pacific Palisades, CA, USA
$4,564,000
$577/SF
Building Size
7,898 SF
Asset Type
MultiFamily
Closing
Aug 11, 2021
About this deal
AI
A multifamily property located at 16411 W. Sunset Blvd. in Pacific Palisades has been sold in a recent transaction. The property consists of 12 units with a total square footage of 7,898. The sale price for this transaction was $4,564,000, resulting in a price per unit of $380,333 and a price per square foot of $578.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,564,000
- Address: 16411 W. Sunset Blvd.
- Market: Pacific Palisades
- Buyer: Samuwel Malik
- Seller: William Pratt & Janet Pratt
- Broker: Jonathan Taksa - Taksa Investment Group
The buyer of the property is Samuwel Malik, while the sellers are William Pratt and Janet Pratt. The transaction was facilitated by Jonathan Taksa from Taksa Investment Group.
Pacific Palisades 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
3.48%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93