Shlomo Lalezarian Acquires Multifamily Property In Baldwin Village For $1.575M
SOLD
$1,575,000
California
See Similar DealsMultiFamily7,570 SF
Sold 06/24/2020
SOLD
Shlomo Lalezarian Acquires Multifamily Property In Baldwin Village For $1.575M
3920 Hillcrest Dr, Crenshaw, Los Angeles, CA, USA
See Similar DealsMultiFamily7,570 SF
Sold 06/24/2020
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$208
Total Square Footage:7,570 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$84,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,595.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,466.30
Annual Debt Service$89,595.64
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