AEI Expo OZ Fund Acquires Multifamily Property On Exposition Blvd In Crenshaw For $3.2M
4101 Exposition Blvd, Crenshaw, Los Angeles, CA, USA
$3,200,000
$193/SF
Building Size
16,500 SF
Asset Type
MultiFamily
Closing
Apr 21, 2020
AI
The multifamily property located at 4101, 4109 & 4115 Exposition Blvd in Crenshaw has been sold. The sale was completed on 04/22/2020 for a total price of $3,200,000. The property consists of 36 units and has a total square footage of 16,500. The price per square foot (PPSF) for this transaction is $193, and the price per unit (PPU) is $88,888.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,200,000
- Address: 4101, 4109 & 4115 Exposition Blvd, Crenshaw
- Square Footage: 16,500
- Number of Units: 36
- Price per Square Foot (PPSF): $193
- Price per Unit (PPU): $88,888
The buyer of the property is AEI Expo OZ Fund. The deal was facilitated by brokers Casey Lins & Scott Rosenberg from RE/MAX Commercial.
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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93