Duane Leonard Sells Baldwin Hills Multifamily For $16.7M With Ardy Ishal - BRC Advisors
3930 Nicolet Avenue, Los Angeles, CA 90008, USA
$16,700,000
$231/SF
Building Size
72,036 SF
Asset Type
MultiFamily
Closing
Oct 5, 2021
AI
The multifamily property located at 3900-3930 Nicolet Avenue in the Baldwin Hills market has been sold for a price of $16,700,000. The sale took place on 10/05/2021. The property consists of 76 units, with each unit having a price per unit (PPU) of $219,736. The total square footage of the property is 72,036, with a price per square foot (PPSF) of $231.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $16,700,000
- Units: 76
- Price per Unit: $219,736
- Square Footage: 72,036
- Price per Square Foot: $231
- Address: 3900-3930 Nicolet Avenue
- Market: Baldwin Hills
The seller of the property is Duane Leonard. The broker who represented the seller in this transaction is Ardy Ishal from BRC Advisors. Ardy Ishal played a key role in facilitating the sale, contributing to the successful completion of the deal.
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
0.95%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93