Kia Hamadani Acquires Palms Multifamily In Culver City For $3.9M
3824 Keystone Avenue, Culver City, California 90232, United States
$3,900,000
$605/SF
Building Size
6,441 SF
Asset Type
MultiFamily
Closing
Feb 17, 2022
AI
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
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
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93