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3424 Centinela Avenue, Los ...

The Goldfinger Group Acquires Multifamily Property In Mar Vista & Silver Lake For $6.25M
SOLDMultiFamily

The Goldfinger Group Acquires Multifamily Property In Mar Vista & Silver Lake For $6.25M

3424 Centinela Avenue, Los Angeles, California 90066, United States

$6,250,000

$480,769/SF

Building Size

13 SF

Asset Type

MultiFamily

Closing

Oct 27, 2022

AI

The multifamily property located at 3424 S Centinela Ave in Mar Vista and 858 N La Fayette Park Pl in Silver Lake was recently sold for a total of $6,250,000. The sale was completed on October 27, 2022. The property consists of 21 units with an average price per unit of $297,619. The total square footage of the property is 13,721, resulting in a price per square foot of $456.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $6,250,000
  • Units: 21
  • Price per Unit: $297,619
  • Total Square Footage: 13,721
  • Price per Square Foot: $456
  • Market: Mar Vista & Silver Lake

The buyer of the property was The Goldfinger Group, represented by Eliyahu Korobkin and Maxx Feldman. The seller was Irene Sturm. The transaction was facilitated by Dru Schroer from Central Realty Advisors.

Players

Dru Schroer

Broker

$13.3M

vol

3 deals

Broker
Maxx Feldman

Maxx Feldman

The Goldfinger Group

Buyer

$59.3M

vol

17 deals

Buyer
The Goldfinger Group
The Goldfinger GroupBuyer

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

2.54%

Cash-on-Cash

-0.73%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93