Updated Nov 28, 2024
CIM Group Acquires Multifamily Property In Inglewood For $52.2M
417 Centinela Avenue, Inglewood, CA 90302
$52,200,000
Units
117
Asset Type
MultiFamily
Closing
Jan 12, 2022
About this deal
AI
417 Centinela Avenue in Inglewood has been sold for a staggering $52,200,000. This multifamily asset consists of 117 units, with an average price per unit of $446,153. The sale was completed on January 12, 2022. The buyer of the property is CIM Group, represented by Shaul Kuba. The seller in this transaction is Meldia Group.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $52,200,000
- Address: 417 Centinela Avenue, Inglewood
- Market: Inglewood
- Units: 117
- Price per Unit: $446,153
Shaul Kuba, representing CIM Group, played a key role in this significant sale. The Meldia Group acted as the seller in this transaction. Together, they successfully closed this landmark deal in the Inglewood market.
Players
Inglewood 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
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93