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4320 S Centinela Ave, Culve...

Steve Taylor Acquires 15-Unit Multifamily Property In Culver City For $7.7M
SOLDMultiFamily

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

Daniel Withers

Matthews

Broker

$198.2M

vol

32 deals

Broker

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