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Private Investment Group Acquires MultiFamily Property In Los Angeles For $5.3M

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SOLD
$5,300,000

California

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SOLD

Private Investment Group Acquires MultiFamily Property In Los Angeles For $5.3M

3906 Inglewood BLVD, Los Angeles, C...

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MultiFamily
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

The apartment property located at 3906-3910 Inglewood Blvd in Los Angeles' Mar Vista neighborhood has been acquired by an Orange County, Calif.-based private client investment partnership for $5.3 million. The community consists of two two-story buildings with a total of 20 apartment units. Amenities include enclosed garages, private balconies or patios, and a landscaped courtyard.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $5,300,000.00
  • Asset Address: 3906 Inglewood BLVD, Los Angeles
  • Market: Los Angeles

Sean Riley of CBRE represented the buyer, a private investment group, in the transaction. On the seller's side, an outside broker represented a private family that was dissolving its partnership.

Players

Sean Riley
1 deal$5.3M volume(714) 493-0614
BROKER

BUYER

Details

SOLD
IMAGE: 3906 Inglewood BLVD, Los Angeles, C... MARKET: Los Angeles ASSET TYPE: MultiFamily BUYER'S REP: Sean Riley(CBRE) BUYER: Private Investment Group PRICE: $5,300,000.00

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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