SOLDMultiFamily
Shlomo Lalezarian Acquires Multifamily Property In Baldwin Village For $1.575M
3920 Hillcrest Dr, Crenshaw, Los Angeles, CA, USA
$1,575,000
$208/SF
Building Size
7,570 SF
Asset Type
MultiFamily
Closing
Jun 24, 2020
AI
Located at 3920 Hillcrest Dr. in Baldwin Village, this multifamily property was sold on June 24, 2021. The transaction was facilitated by Dana Coronado from KW Commercial.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $1,575,000
- Units: 8
- Price per Unit: $196,875
- Square Footage: 7,570
- Price per Square Foot: $208
- Gross Rent Multiplier (GRM): 15.17x
- Capitalization Rate (CAP): 3.73%
The buyer of the property is Shlomo Lalezarian. Dana Coronado from KW Commercial represented the buyer in this transaction.
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
10.07%
Cash-on-Cash
-2.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93