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3920 Hillcrest Dr, Crenshaw...

Updated Sep 9, 2024

Bilt advertisement
Shlomo Lalezarian Acquires Multifamily Property In Baldwin Village For $1.575M
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

About this deal

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.

The multifamily sale at 3920 Hillcrest Dr, Crenshaw, Los Angeles, CA, USA in Los Angeles, California sold for $1.6M in 2020. Reported inventory is 7,570 square feet across 8 units, or about 208 per square foot. Dana Coronado, Shlomo Lalezarian, Equity Union Real Estate appear on the sale alongside Equity Union Real Estate. This page is the Los Angeles, California file for the 3920 Hillcrest Dr, Crenshaw, Los Angeles, CA, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Los Angeles sit in the Market section below. Filter that Los Angeles multifamily set by closing date to see what else sold near 3920 Hillcrest Dr, Crenshaw, Los Angeles, CA, USA around 2020. Published consideration for 3920 Hillcrest Dr, Crenshaw, Los Angeles, CA, USA is $1.6M, dated 2020. Cite this Shlomo Lalezarian Acquires Multifamily Property In Baldwin Village For $1.575M sale when underwriting similar multifamily product around Los Angeles, California.

Players

Dana Coronado

Compass

Broker

$23M

vol

10 deals

Broker

Shlomo Lalezarian

Buyer

$7.8M

vol

4 deals

Buyer

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $208 per square foot on a published $1.6M for 7,570 square feet (2020).

Visit Dana Coronado to view all their deals.

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

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