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
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