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

Property Image
SOLD
$6,250,000
Dru Schroer
Maxx Feldman

California

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MultiFamily13 SF
Sold 10/27/2022
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Property Image
SOLD

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

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

See Similar Deals
MultiFamily13 SF
Sold 10/27/2022
Dru Schroer
Maxx Feldman
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$480,769
Total Square Footage:13 SF
Transaction Type:Sale

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
Dru Schroer
3 deals$13.3M volume
BROKER
Maxx Feldman
The Goldfinger Group
Maxx Feldman
17 deals$59.3M volume
BUYER
The Goldfinger Group
The Goldfinger Group
BUYER

Details

SOLD
IMAGE: Eliyahu Korobkin, Dru Schroer & Maxx Feldman DATE: 10/27/2022 ADDRESS: 3424 S Centinela Ave & 858 N La Fayette Park Pl MARKET: Mar Vista & Silver Lake ASSET TYPE: Multifamily BUYER: The Goldfinger Group (@TheGoldfingerGroup) - Eliyahu Korobkin (@WhoEliyahu) & Maxx Feldman SELLER: Irene Sturm BROKER: Dru Schroer (@DruSchroer) - Central Realty Advisors (@CentralRealtyAdvisors) SALE PRICE: $6,250,000 UNITS: 21 ~ PPU: $297,619 SF: 13,721 ~ PPSF: $456

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

$333,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,204.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,628.19
Annual Debt Service$355,538.26