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
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