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Tzvi Ferszt Acquires Multifamily Property From Dr. Fred D. Parrott Trust For $5.2M

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SOLD
$5,200,000

California

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MultiFamily71,044 SF
Sold 08/15/2024
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Property Image
SOLD

Tzvi Ferszt Acquires Multifamily Property From Dr. Fred D. Parrott Trust For $5.2M

4073 West Boulevard & 4119 Santo Tomas Drive

See Similar Deals
MultiFamily71,044 SF
Sold 08/15/2024
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$73
Total Square Footage:71,044 SF
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 4073 West Boulevard and 4119 Santo Tomas Drive in the Los Angeles market. It features 36 units across a total of 35,522 square feet, with a price per unit of $144,444 and a price per square foot of $146. The overall sale price for the transaction was $5,200,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $5,200,000
  • Units: 36
  • Square Footage: 35,522
  • Price Per Unit: $144,444
  • Price Per Square Foot: $146
  • Buyer: Tzvi Ferszt
  • Seller: Dr. Fred D. Parrott - The Fred D. Parrott Living Trust
  • Broker: Matt Ziegler - Marcus & Millichap

The transaction featured Tzvi Ferszt as the buyer and Dr. Fred D. Parrott, representing The Fred D. Parrott Living Trust, as the seller. The brokerage for the transaction was provided by Matt Ziegler from Marcus & Millichap, highlighting the collaboration between the parties involved in finalizing the sale.

Players

Matt Ziegler
Marcus & Millichap
Matt Ziegler
26 deals$190.4M volume(310) 403-3325
BROKER

Details

SOLD
IMAGE: Matt Ziegler DATE: 08/15/2024 ADDRESS: 4073 West Boulevard & 4119 Santo Tomas Drive MARKET: Los Angeles ASSET TYPE: Multifamily BUYER: Tzvi Ferszt SELLER: Dr. Fred D. Parrott - The Fred D. Parrott Living Trust BROKER: Matt Ziegler - Marcus & Millichap (@MarcusMillichapinc) SALE PRICE: $5,200,000 UNITS: 36 ~ PPU: $144,444 SF: 35,522 ~ PPSF: $146

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$277,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,474.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,650.65
Annual Debt Service$295,807.83