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4270 Lindblade Drive, Los A...

Jeff Harris Acquires 20-Unit Multifamily In Mar Vista For $13.2M
SOLDMultiFamily

Jeff Harris Acquires 20-Unit Multifamily In Mar Vista For $13.2M

4270 Lindblade Drive, Los Angeles, California 90066, United States

$13,200,000

$630/SF

Building Size

20,924 SF

Asset Type

MultiFamily

Closing

Jan 30, 2022

AI

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.

Players

David Leibowitz

IREA

Broker

$111.7M

vol

15 deals

Broker
Jeff Harris

Jeff Harris

Gelt Inc.

Buyer

$246.8M

vol

7 deals

Buyer

Jeff Levine

Douglaston Development

Seller

$116.9M

vol

4 deals

Seller

Los Angeles 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

1.20%

Cash-on-Cash

-0.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93