Ocean Breeze Apartments LLC Acquires Multifamily Property In Mar Vista For $6.12M
3745-3753 South Barrington Avenue, Mar Vista, Los Angeles, CA, USA
$6,125,000
$463/SF
Building Size
13,208 SF
Asset Type
MultiFamily
Closing
Jul 15, 2019
AI
The multifamily property located at 3745-3753 S. Barrington Avenue in Mar Vista has been sold for $6,125,000. This property spans 13,208 square feet, with a price per square foot of $463.73. The transaction involved the sale of 22 units, with each unit priced at $278,409.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,125,000
- Address: 3745-3753 S. Barrington Avenue, Mar Vista
- Market: Mar Vista
The buyer of this property is Ocean Breeze Apartments LLC, while the seller is Barrington Avenue LLC. The brokers involved in this deal are Alan Friedman, Jeff Pierce, Errol Spiro, and Jon Bloom.
Players
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
2.59%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93