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4143 Palmwood Drive, Baldwi...

Becky Eriksson & Laura Alice Of The LA Group Sell 18-Unit Multifamily In Baldwin Hills For $3M
SOLDMultiFamily

Becky Eriksson & Laura Alice Of The LA Group Sell 18-Unit Multifamily In Baldwin Hills For $3M

4143 Palmwood Drive, Baldwin Hills, Los Angeles, CA, USA

$3,000,000

$254/SF

Building Size

11,804 SF

Asset Type

MultiFamily

Closing

Feb 4, 2021

AI

The multifamily property located at 4143 Palmwood Drive in Baldwin Hills has been sold for a total price of $3,000,000. The property consists of 18 units, with a price per unit (PPU) of $166,666. The total square footage of the property is 11,804, resulting in a price per square foot (PPSF) of $254.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $3,000,000
  • Units: 18
  • Price per Unit (PPU): $166,666
  • Total Square Footage (SF): 11,804
  • Price per Square Foot (PPSF): $254
  • Address: 4143 Palmwood Drive
  • Market: Baldwin Hills

The sale of this multifamily property was facilitated by Becky Eriksson and Laura Alice, who represent The LA Group in the transaction.

Players

Becky Eriksson

Marcus & Millichap

Broker

$3M

vol

1 deal

Broker

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

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93