Updated Sep 9, 2024
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.
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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