Updated Dec 20, 2023
Guy Penini Acquires Multifamily Property In Los Angeles For $9.6M
4063 Nicolet Avenue, Los Angeles, CA, USA
$9,600,000
$273/SF
Building Size
35,089 SF
Asset Type
MultiFamily
Closing
Feb 11, 2021
About this deal
AI
A multifamily property located at 4063 Nicolet Ave in Los Angeles has been sold. The sale took place on February 12, 2021, with a purchase price of $9,600,000. The property was acquired by Guy Penini from the seller, David G. Holstein.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $9,600,000
- Market: Los Angeles
- Address: 4063 Nicolet Ave
- Buyer: Guy Penini
- Seller: David G. Holstein
David G. Holstein represented the seller in this transaction as their broker's representative.
The multifamily sale at 4063 Nicolet Avenue, Los Angeles, CA, USA in Los Angeles, California sold for $9.6M in 2021. The building is 35,089 square feet, implying about 273 per square foot on the published price. This page is the Los Angeles, California file for the 4063 Nicolet Avenue, 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 4063 Nicolet Avenue, Los Angeles, CA, USA around 2021. Published consideration for 4063 Nicolet Avenue, Los Angeles, CA, USA is $9.6M, dated 2021. Cite this Guy Penini Acquires Multifamily Property In Los Angeles For $9.6M 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
1.65%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93