Gary Goren Acquires Culver City Multifamily For $1.5M
SOLD
$1,500,000
+ 1
California
See Similar DealsMultiFamily3,748 SF
Sold 01/07/2022
SOLD
Gary Goren Acquires Culver City Multifamily For $1.5M
3757 Veteran Avenue, Los Angeles, California 90034, United States
See Similar DealsMultiFamily3,748 SF
Sold 01/07/2022
+ 1
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$400
Total Square Footage:3,748 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18
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