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3906 Huron Ave, Culver City...

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

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

3906 Huron Ave, Culver City, CA 90232, USA

$1,800,000

$24/SF

Building Size

74,830 SF

Asset Type

MultiFamily

Closing

Sep 30, 2020

AI

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

Jordan Ohayon

Broker

$1.8M

vol

1 deal

Broker

Culver City 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

8.81%

Cash-on-Cash

-2.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93