Updated Oct 28, 2024
Tower Lane Capital Acquires Multifamily Property In Mar Vista For $6.6M
3939 Moore Street, Los Angeles, California 90066, United States
$6,600,000
$552/SF
Building Size
11,957 SF
Asset Type
MultiFamily
Closing
Mar 13, 2022
About this deal
AI
The multifamily property located at 3939 Moore St. in Mar Vista has been sold for a total price of $6,600,000. The transaction took place on March 14, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,600,000
- Address: 3939 Moore St.
- Market: Mar Vista
Tower Lane Capital, represented by Michael Maltzman and Garrett Green, acquired the property from the seller, Gerald Williams. The deal was facilitated by Kyle Mirrafati of Matthews Real Estate Investment Services.
The multifamily property consists of 12 units, with a per unit price of $550,000. It spans a total of 11,957 square feet, resulting in a price per square foot of $551.
On the Map
$6,600,000
$552/SF
MultiFamily
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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
2.40%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93