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3757 Veteran Avenue, Los An...

Gary Goren Acquires Culver City Multifamily For $1.5M
SOLDMultiFamily

Gary Goren Acquires Culver City Multifamily For $1.5M

3757 Veteran Avenue, Los Angeles, California 90034, United States

$1,500,000

$400/SF

Building Size

3,748 SF

Asset Type

MultiFamily

Closing

Jan 7, 2022

AI

The multifamily property located at 3757 Veteran Ave. in Culver City has been sold for a total price of $1,500,000. The property consists of 5 units, with a price per unit of $300,000. The total square footage of the property is 3,748, resulting in a price per square foot of $400.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,500,000
  • Units: 5
  • Price Per Unit: $300,000
  • Square Footage: 3,748
  • Price Per Square Foot: $400

The buyer in this transaction was Gary Goren, while the seller was Eshwin Narayan. The deal was facilitated by Zac Freehling and Blake MacDowall from Pacific Partners Los Angeles.

Players

Zac Freehling

Pacific Partners Real Estate Investments

Broker

$237.5M

vol

61 deals

Broker
Gary Goren

Gary Goren

Buyer

$25.7M

vol

8 deals

Buyer

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

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93