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3721 Westwood Boulevard, Lo...

Updated Feb 5, 2025

Optimus Properties Acquires Multifamily Property In Mar Vista For $6.7M
SOLDMultiFamily

Optimus Properties Acquires Multifamily Property In Mar Vista For $6.7M

3721 Westwood Boulevard, Los Angeles, CA 90034

$6,700,000

$425/SF

Building Size

15,748 SF

Asset Type

MultiFamily

Closing

Dec 27, 2021

About this deal

AI

The multifamily property located at 3721 Westwood in Mar Vista has been sold for a price of $6,700,000. The property consists of 21 units with an average price per unit of $319,047. The total square footage of the property is 15,748, with a price per square foot of $425.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $6,700,000
  • Address: 3721 Westwood
  • Market: Mar Vista
  • Buyer: Optimus Properties
  • Seller: Wardenburg Trust
  • Broker: Paul Darrow (THG Multifamily) - Marcus & Millichap
  • Units: 21
  • Price per Unit: $319,047
  • Square Footage: 15,748
  • Price per Square Foot: $425

The transaction was facilitated by the broker Paul Darrow, representing THG Multifamily and Marcus & Millichap. The involvement of these key individuals and companies played a crucial role in the successful completion of the deal.

On the Map

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$6,700,000

$425/SF

MultiFamily

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Players

Paul Darrow

Walker & Dunlop

Broker

$287.1M

vol

18 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage
Optimum Properties
Optimum PropertiesBuyer
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Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $425 per square foot on a published $6.7M for 15,748 square feet (2021).

Visit Paul Darrow to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.37%

Cash-on-Cash

-0.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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