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The Goldfinger Group Acquires Mar Vista Multifamily For $4.2M

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SOLD
$4,200,000

California

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MultiFamily9,527 SF
Sold 10/27/2022
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Property Image
SOLD

The Goldfinger Group Acquires Mar Vista Multifamily For $4.2M

3424 Centinela Avenue

See Similar Deals
MultiFamily9,527 SF
Sold 10/27/2022
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$440
Total Square Footage:9,527 SF
Transaction Type:Sale

The multifamily property located at 3424 S Centinela Ave in Mar Vista, Los Angeles has been sold in a recent transaction. The property consists of 10 units with a total square footage of 9,527. The sale price for this transaction was $4,200,000, resulting in a price per unit of $420,000 and a price per square foot of $441.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $4,200,000
  • Address: 3424 S Centinela Ave
  • Market: Mar Vista, Los Angeles

The buyer of this property is The Goldfinger Group, represented by Elijah Korobkin and Maxx Feldman. The seller is Irena Sturm. Dru Schroer from Central Realty Advisors Inc. acted as the buyer's representative in this transaction, while Sherri Noel from KW Advisors represented the seller.

Players

3 deals$13.3M volume
BROKER


Maxx Feldman
The Goldfinger Group
17 deals$59.3M volume
BUYER

The Goldfinger Group
BUYER

Details

SOLD
IMAGE: Elijah Korobkin, Dru Schroer & Maxx Feldman DATE: 10/27/2022 ADDRESS: 3424 S Centinela Ave MARKET: Mar Vista, Los Angeles ASSET TYPE: Multifamily BUYER: The Goldfinger Group (@TheGoldfingerGroup) - Elijah Korobkin (@WhoEliyahu) & Maxx Feldman SELLER: Irena Sturm BUYER'S REP: Dru Schroer (@DruSchroer) - Central Realty Advisors Inc SELLER'S REP: Sherri Noel - KW Advisors SALE PRICE: $4,200,000 UNITS: 10 ~ PPU: $420,000 SF: 9,527 ~ PPSF: $441

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

$223,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71