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
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