Jeff Harris Acquires 20-Unit Multifamily In Mar Vista For $13.2M
SOLD
$13,200,000
+ 1
California
See Similar DealsMultiFamily20,924 SF
Sold 01/31/2022
SOLD
Jeff Harris Acquires 20-Unit Multifamily In Mar Vista For $13.2M
4270 Lindblade Drive, Los Angeles, California 90066, United States
See Similar DealsMultiFamily20,924 SF
Sold 01/31/2022
+ 1
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$630
Total Square Footage:20,924 SF
Transaction Type:Sale
The multifamily property located at 4270 Lindblade Dr. in Mar Vista has been sold for a total price of $13,200,000. The property consists of 20 units with a price per unit of $660,000. The total square footage of the property is 20,924, with a price per square foot of $630.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $13,200,000
- Address: 4270 Lindblade Dr.
- Market: Mar Vista
- Units: 20
- Price Per Unit: $660,000
- Total Square Footage: 20,924
- Price Per Square Foot: $630
The buyer of the property is Jeff Harris and the seller is Jeff Levine. Alex Galuz from Keller Williams Realty Inc. represented the buyer, while David Leibowitz from Investment Real Estate Associates represented the seller.
Note: No additional information is available regarding this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$703,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$46,896.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$62,574.73
Annual Debt Service$750,896.81
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