Mark Colman Acquires MultiFamily Properties In Mar Vista, CA For $15.6M

4238 Lindblade Dr Los Angeles, Ca 90066, Usa

$15,600,000

$364/SF

Building Size

42,857 SF

Asset Type

MultiFamily

Closing

Sep 12, 2023

AI

The multi-family property located at 4238 Lindblade, 3739 Inglewood, 12625 Mitchell, 12806 Matteson, 12811 Matteson, and 12814 Pacific in Mar Vista, CA has been sold for a total price of $15,600,000. The property consists of 68 units with an average price per unit (PPU) of $229,412. The total square footage of the property is 42,857 with an average price per square foot (PPSF) of $364. The transaction had a Gross Rent Multiplier (GRM) of 12.51 and a Capitalization Rate (CAP) of 4.36%.

Summary of transation details

Property Type: MultiFamily
Transaction Amount: $15,600,000
Units: 68
PPU: $229,412
Total Square Footage: 42,857
PPSF: $364
GRM: 12.51
CAP: 4.36%

The buyer in this transaction is Mark Colman, while the seller is Armand Riza. The deal was facilitated by brokers Michael Monempour, Bryan Glenn, and Grant Goldman from Kidder Mathews, along with Ariel Sayani from Keller Williams.

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