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4220 Santa Rosalia Drive, L...

Avanath Capital Management Acquires Multifamily Property In Baldwin Village For $220M
SOLDMultiFamily

Avanath Capital Management Acquires Multifamily Property In Baldwin Village For $220M

4220 Santa Rosalia Drive, Los Ange

$220,000,000

Building Size

Asset Type

MultiFamily

Closing

Aug 10, 2022

AI

The multifamily property located at 4220 Santa Rosalia Drive in Baldwin Village was recently sold. The property, which was marketed by Daryl Carter, features a total of 669 units. The sale was facilitated by Avanath Capital Management, represented by Daryl Carter as their buyer's representative. The transaction took place on 08/11/2022 for a sale price of $220,000,000, resulting in a per unit price of approximately $329,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $220,000,000
  • Units: 669
  • Price Per Unit: $329,000
  • Market: Baldwin Village
  • Buyer: Avanath Capital Management - Daryl Carter

Daryl Carter, representing Avanath Capital Management, played a key role in the transaction. As the buyer's representative, Carter facilitated the sale of the multifamily property at 4220 Santa Rosalia Drive in Baldwin Village. His expertise in the market was instrumental in ensuring the success of the deal.

Players

Daryl Carter

Broker

$688.9M

vol

6 deals

Broker

Daryl J. Carter

Avanath Capital Management

Buyer

$1.1B

vol

11 deals

Buyer

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

0.07%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93