Mazen Nazzal Acquires MultiFamily Property On Inglewood Boulevard In Los Angeles For $15.9M
4225 Inglewood Boulevard
$15,875,000
$442/SF
Building Size
35,851 SF
Asset Type
MultiFamily
Closing
Mar 21, 2023
AI
The multi-family property located at 4225 Inglewood Boulevard in Los Angeles has been sold in a recent transaction. The property consists of 31 units with a total square footage of 35,851. The asking price for the property was $15,950,000, and it was sold for $15,875,000. The price per unit was $512,097, and the price per square foot was $443.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $15,875,000
- Number of Units: 31
- Price per Unit: $512,097
- Total Square Footage: 35,851
- Price per Square Foot: $443
- Buyer: Mazen Nazzal
- Seller: Barthell Family Trust
- Brokers: Kevin Kawaoka & Shawn Araghi - NAI Capital Commercial Inc
The buyer of the property is Mazen Nazzal, while the seller is the Barthell Family Trust. The transaction was facilitated by brokers Kevin Kawaoka and Shawn Araghi from NAI Capital Commercial Inc.
Players
Market 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
1.00%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93