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4238 Lindblade, 3739 Inglewood, 12625 Mitchell, 12806 Matteson, 12811 Matteson & 12814 Pacific
SOLD

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

4238 Lindblade, 3739 Inglewood, 12625 Mitchell, 12806 Matteson, 12811 Matteson & 12814 Pacific

MultiFamily
42,857 SF
clock iconSold 316 days ago
Michael Monempour
Ariel Sayani
Grant Goldman
+ 2
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Summary

Sale
CALIFORNIA
MultiFamily
42,857 sqft

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.

Players

  • All

    8

  • Agents

    4

  • Agencies

    4

Michael Monempour's profile picture
Michael Monempour
Lyon Stahl Investment Real Estate-image
Vice President
$282.6M Sold
Grant Goldman's profile picture
Bryan Glenn's profile picture

Details

Deal Summary
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SOLD
IMAGE: Michael Monempour, Ariel Sayani, Bryan Glenn & Grant Goldman DATE: 09/12/2023 ADDRESS: 4238 Lindblade, 3739 Inglewood, 12625 Mitchell, 12806 Matteson, 12811 Matteson & 12814 Pacific MARKET: Mar Vista, CA ASSET TYPE: MultiFamily BUYER: Mark Colman SELLER: Armand Riza BROKERS: Michael Monempour (@Michael.Monem), Bryan Glenn & Grant Goldman - Kidder Mathews (@kidder.mathews); Ariel Sayani - Keller Williams (@kellerwilliams) SALE PRICE: $15,600,000 UNITS: 68 ~ PPU: $229,412 SF: 42,857 ~ PPSF: $364 12.51 GRM ~ 4.36% CAP

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Address4238 Lindblade, 3739 Inglewood, 12625 Mitchell, 12806 Matteson, 12811 Matteson & 12814 Pacific

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