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
42,857 SF
Sold 231 days ago
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
7
Agents
4
Agencies
3
Details
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% CAPView on map
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Address4238 Lindblade, 3739 Inglewood, 12625 Mitchell, 12806 Matteson, 12811 Matteson & 12814 Pacific
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