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Stéphane Ohayon Acquires Multifamily Property In Culver City For $1.8M

Property Image
SOLD
$1,800,000
Krystle Bijaoui
+ 1

California

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MultiFamily74,830 SF
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Property Image
SOLD

Stéphane Ohayon Acquires Multifamily Property In Culver City For $1.8M

3906 Huron Ave, Culver City, CA 90232, USA

See Similar Deals
MultiFamily74,830 SF
Sold
Krystle Bijaoui
+ 1
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$24
Total Square Footage:74830 SF
Transaction Type:Sale

The multifamily property located at 3906-3908 Huron Ave in Culver City was sold on October 1, 2020, during the COVID-19 pandemic. The property is situated on a corner lot, offering a development opportunity. The transaction price was $1,800,000, and the property spans 7,483 square feet, resulting in a price per square foot of $241.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,800,000
  • Address: 3906-3908 Huron Ave
  • Market: Culver City
  • Square Footage: 7,483
  • Price per Square Foot: $241

The buyer of the property was Stéphane Ohayon, representing Partners Invest, while the seller was Denise Claris Wilson. Jordan Ohayon, Krystle & Laurent Bijaoui acted as buyer's representatives, and Costin Harnoncourt represented the seller.

This transaction showcases a successful corner lot development opportunity in Culver City, even amidst the challenges posed by the COVID-19 pandemic.

Players

1 deal$1.8M volume
BROKER

Krystle Bijaoui
1 deal$1.8M volume
BROKER

Laurent Bijaoui
Compass
2 deals$6.2M volume
BROKER

1 deal$1.8M volume
BROKER

Details

SOLD
IMAGE: 10/01/2020 ADDRESS: 3906-3908 Huron Ave MARKET: Culver City ASSET TYPE: Multifamily PRICE: $1,800,000 SF: 7,483 / PPSF: $241 BUYER: Stéphane Ohayon – Partners Invest SELLER: Denise Claris Wilson BUYER’S REP: Jordan Ohayon, Krystle & Laurent Bijaoui SELLER’S REP: Costin Harnoncourt NOTE FROM BROKER: Corner lot development opportunity sold during COVID-19 for a french […]

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

$96,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02