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
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