Steve Taylor Acquires 15-Unit Multifamily Property In Culver City For $7.7M
4320 S Centinela Ave, Culver City, CA, USA
$7,725,000
$363/SF
Building Size
21,268 SF
Asset Type
MultiFamily
Closing
Sep 20, 2021
AI
A multifamily property located at 4320 S. Centinela Ave. in Culver City has recently been sold for a total of $7,725,000. The property consists of 15 units, with an average price per unit of $515,000. The total square footage of the property is 21,268, with a price per square foot of $363.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,725,000
- Address: 4320 S. Centinela Ave.
- Market: Culver City
- Units: 15
- Price per Unit: $515,000
- Total Square Footage: 21,268
- Price per Square Foot: $363
The buyer in this transaction is Steve Taylor, while the seller is Scott Alexander. Representing the buyer were Jeff Louks, Elliot Sabag, Daniel Withers, and Michael Sterman. On the seller's side, representation was provided by Jeff Louks, Elliot Sabag, and Daniel Withers.
Players
Culver City 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
2.05%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93