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Coda Equities Acquires Multifamily Property In Baldwin Village For $4.3M

Property Image
SOLD
$4,300,000
Max Berger
Ben Kreitenberg

California

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MultiFamily18,770 SF
Sold 03/06/2020
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Property Image
SOLD

Coda Equities Acquires Multifamily Property In Baldwin Village For $4.3M

3905 Stevely Avenue, Crenshaw, Los Angeles, CA, USA

See Similar Deals
MultiFamily18,770 SF
Sold 03/06/2020
Max Berger
Ben Kreitenberg
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$229
Total Square Footage:18,770 SF
Transaction Type:Sale

A multifamily property located at 3905 Stevely Avenue in Baldwin Village has been sold for $4,300,000. The property spans a total of 18,770 square feet, resulting in a price per square foot of $229.09. The transaction involved a total of 20 units, with a price per unit of $215,000. The sale took place on 03/06/2020.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,300,000
  • Address: 3905 Stevely Avenue
  • Market: Baldwin Village
  • Square Footage: 18,770 SF
  • Price per Square Foot: $229.09
  • Units: 20
  • Price per Unit: $215,000‬
  • Date: 03/06/2020

The buyer of the property is Coda Equities, while the sellers are Payman Youabin and Gila Sinai. The transaction was facilitated by brokers Ben Kreitenberg and Max Berger. Of the 20 units, 7 were vacant at the time of the sale.

Players

Max Berger
Compass
Max Berger
17 deals$85.8M volume(818) 321-4972
BROKER
Ben Kreitenberg
Compass
Ben Kreitenberg
2 deals$14.6M volume
BROKER

Details

SOLD
IMAGE: Ben Kreitenberg & Max Berger DATE: 03/06/2020 ADDRESS: 3905 Stevely Avenue MARKET: Baldwin Village ASSET TYPE: Multifamily PRICE: $4,300,000 SF: 18,770 PPSF: $229.09 UNITS: 20 PPU: $215,000‬ BUYER: @CodaEquities SELLER: Payman Youabin & Gila Sinai BROKERS: Ben Kreitenberg & Max Berger NOTES: 7/20 Units Vacant.

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

$229,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,277.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,384.19
Annual Debt Service$244,610.33