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Kia Hamadani Acquires Palms Multifamily In Culver City For $3.9M

Property Image
SOLD
$3,900,000

California

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MultiFamily6,441 SF
Sold 02/18/2022
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Property Image
SOLD

Kia Hamadani Acquires Palms Multifamily In Culver City For $3.9M

3824 Keystone Avenue, Culver City, California 90232, United States

See Similar Deals
MultiFamily6,441 SF
Sold 02/18/2022
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$605
Total Square Footage:6,441 SF
Transaction Type:Sale

A multifamily property located at 3824 Keystone Ave. in the Palms neighborhood of Culver City has been sold for $3,900,000. The property consists of 8 units with a total square footage of 6,441. The price per unit is approximately $487,500, and the price per square foot is approximately $605.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,900,000
  • Units: 8
  • Price per Unit: $487,500
  • Square Footage: 6,441
  • Price per Square Foot: $605
  • Address: 3824 Keystone Ave.
  • Market: Palms, Culver City

Kia Hamadani has purchased the property from The Goldfinger Group, represented by Elijah Korobkin and Maxx Feldman. The Goldfinger Group is currently seeking a property for a 1031 exchange with a value up to $15,000,000. For potential deals, please contact Elijah and Maxx at [email protected].

Players

Maxx Feldman
The Goldfinger Group
Maxx Feldman
17 deals$59.3M volume
SELLER
The Goldfinger Group
The Goldfinger Group
SELLER

Details

SOLD
IMAGE: Maxx Feldman & Elijah Korobkin DATE: 02/18/2022 ADDRESS: 3824 Keystone Ave. MARKET: Palms, Culver City ASSET TYPE: Multifamily BUYER: Kia Hamadani SELLER: The Goldfinger Group (@TheGoldfingerGroup) - Elijah Korobkin (@ElijahKorobkin) & Maxx Feldman SALE PRICE: $3,900,000 UNITS: 8 ~ PPU: $487,500 SF: 6,441 ~ PPSF: $605 NOTE FROM @TheGoldfingerGroup: TGG is looking to secure an 🆙 🦵 for its 1031 exchange. Please send all deals up to $15MM to Elijah (@ElijahKorobkin) & Maxx ([email protected])

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$208,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,855.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,487.99
Annual Debt Service$221,855.88