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3824 Keystone Avenue, Culve...

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

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

Maxx Feldman

The Goldfinger Group

Seller

$59.3M

vol

17 deals

Seller
The Goldfinger Group
The Goldfinger GroupSeller

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