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Arian Rejaei, Darin Beebower & Mark Ventre Broker $2.35M Multifamily Sale In Los Angeles

Property Image
SOLD
$2,350,000
Mark Ventre
Darin Beebower
Arian Rejaei

California

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MultiFamily
Sold 10/16/2024
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Property Image
SOLD

Arian Rejaei, Darin Beebower & Mark Ventre Broker $2.35M Multifamily Sale In Los Angeles

3280 Provon Lane

See Similar Deals
MultiFamily
Sold 10/16/2024
Mark Ventre
Darin Beebower
Arian Rejaei
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily property located at 3280 Provon Lane in Los Angeles was sold for $2,350,000. This asset comprises 11 units and has a price per unit of $213,636, while achieving a 6.94% cap rate. The sale occurred amidst challenging market conditions and was finalized with an all-cash, non-contingent buyer.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $2,350,000
  • Units: 11
  • Price Per Unit: $213,636
  • Cap Rate: 6.94%
  • Date of Sale: 10/16/2024
  • Address: 3280 Provon Lane
  • Market: Los Angeles

Arian Rejaei, Darin Beebower, and Mark Ventre of Kidder Mathews represented both the buyer, a local private investor, and the seller in this transaction. Kidder Mathews facilitated the sale effectively, emphasizing their capability in handling multifamily property transactions.

Players

Darin Beebower
Kidder Mathews
Darin Beebower
14 deals$130.1M volume(424) 653-1854
BROKER
Mark Ventre
Kidder Mathews
Mark Ventre
17 deals$128.1M volume
BROKER
Arian Rejaei
Kidder Mathews
Arian Rejaei
4 deals$11.8M volume(310) 924-2259
BROKER

Details

SOLD
IMAGE: Arian Rejaei, Darin Beebower & Mark Ventre DATE: 10/16/2024 ADDRESS: 3280 Provon Lane MARKET: Los Angeles ASSET TYPE: MultiFamily BROKERS: Arian Rejaei (@Aria.n7796), Darin Beebower & Mark Ventre (@MarkVentre) - Kidder Mathews (@Kidder.Mathews) SALE PRICE: $2,350,000 UNITS: 11 ~ PPU: $213,636 NOTE: Kidder Mathews brokered the $2.35 million sale of a multifamily property at 3280 Provon Lane in Los Angeles, with Arian Rejaei, Darin Beebower, and Mark Ventre representing both the buyer, a local private investor, and the seller. The property, located in a prime area with easy access to Culver City and Century City, sold with a 6.94% cap rate and was acquired by an all-cash, non-contingent buyer despite challenging market conditions.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$125,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,349.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,140.20
Annual Debt Service$133,682.39