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Mazen Nazzal Acquires MultiFamily Property On Inglewood Boulevard In Los Angeles For $15.9M

Property Image
SOLD
$15,875,000

California

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MultiFamily35,851 SF
Sold 03/21/2023
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Property Image
SOLD

Mazen Nazzal Acquires MultiFamily Property On Inglewood Boulevard In Los Angeles For $15.9M

4225 Inglewood Boulevard

See Similar Deals
MultiFamily35,851 SF
Sold 03/21/2023
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$442
Total Square Footage:35,851 SF
Transaction Type:Sale

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

Kevin Kawaoka
4 deals$32.2M volume(310) 560-7184
BROKER

Shawn Araghi
NAI Global
1 deal$15.9M volume(310) 384-5040
BROKER

SELLER

Details

SOLD
IMAGE: Kevin Kawaoka DATE: 03/21/2023 ADDRESS: 4225 Inglewood Boulevard MARKET: Los Angeles ASSET TYPE: MultiFamily BUYER: Mazen Nazzal SELLER: Barthell Family Trust BROKERS: Kevin Kawaoka (@KlasikBeats) & Shawn Araghi - NAI Capital Commercial Inc ASKING PRICE: $15,950,000 SALE PRICE: $15,875,000 UNITS: 31 ~ PPU: $512,097 SF: 35,851 ~ PPSF: $443

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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Cap Rate

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