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3905 Stevely Avenue, Crensh...

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

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

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

$4,300,000

$229/SF

Building Size

18,770 SF

Asset Type

MultiFamily

Closing

Mar 5, 2020

AI

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

Broker

$85.8M

vol

17 deals

Broker

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

3.69%

Cash-on-Cash

-1.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93