Updated Oct 29, 2024
3933 Nicolet Acquires Multifamily Property In Baldwin Village For $4.4M
3933 Nicolet Ave, Crenshaw, Los Angeles, CA, USA
$4,400,888
$194/SF
Building Size
22,682 SF
Asset Type
MultiFamily
Closing
Mar 22, 2021
About this deal
AI
Located in Baldwin Village, the multifamily property at 3933 & 3939 Nicolet Ave. was recently sold. The sale was facilitated by Matias Baker Masucci of Berkshire Hathaway Homeservices California Properties on behalf of the seller, Descartes Financials. The buyer of the property was 3933 Nicolet. The transaction took place on 03/23/2021.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $4,400,888
- Units: 23
- Price Per Unit (PPU): $191,342
- Address: 3933 & 3939 Nicolet Ave.
- Market: Baldwin Village
The property consists of 23 units and was sold for a total of $4,400,888, with each unit priced at approximately $191,342. Matias Baker Masucci represented both the buyer, 3933 Nicolet, and the seller, Descartes Financials, in this transaction. The sale was successfully completed on 03/23/2021.
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
3.60%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93