Becky Eriksson & Laura Alice Of The LA Group Sell 18-Unit Multifamily In Baldwin Hills For $3M
SOLD
California
See Similar DealsMultiFamily11,804 SF
Sold 02/05/2021
SOLD
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
See Similar DealsMultiFamily11,804 SF
Sold 02/05/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$254
Total Square Footage:11,804 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
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