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4225 Inglewood Boulevard

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

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

Kevin Kawaoka

NAI Global

Broker

$32.2M

vol

4 deals

Broker
T
TrustSeller

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