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3822 Bentley Avenue

Ayoob Dooply Acquires Multifamily Property In Culver City For $2.282M From Seller Reza Iranpour
SOLDMultiFamily

Ayoob Dooply Acquires Multifamily Property In Culver City For $2.282M From Seller Reza Iranpour

3822 Bentley Avenue

$2,282,000

$634/SF

Building Size

3,598 SF

Asset Type

MultiFamily

Closing

Oct 20, 2023

AI

The multifamily property located at 3822 Bentley Avenue in Culver City has been sold. The property consists of four units with a total square footage of 3,598. The asking price for the property was $2,400,000, and it was sold for $2,282,000, resulting in a per unit price of $570,500. The price per square foot was $634.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,282,000
  • Units: 4
  • Square Footage: 3,598
  • Address: 3822 Bentley Avenue, Culver City
  • Market: Culver City

The buyer of the property is Ayoob Dooply, while Reza Iranpour is the seller. The broker involved in the deal is Jake Plewa from Remax. They facilitated the transaction, ensuring a successful sale of the property.

Players

Jake Plewa

Re/Max

Broker

$78.8M

vol

17 deals

Broker

Reza Iranpour

Seller

$8.1M

vol

3 deals

Seller

Culver City 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

6.95%

Cash-on-Cash

-1.99%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93