Jakobo Onofre Purchases Multifamily Property In Playa Del Rey From Keith Hackbarth For $1.875M
442 Manitoba Street
$1,875,000
$601/SF
Building Size
3,120 SF
Asset Type
MultiFamily
Closing
Apr 22, 2025
AI
The property asset involved in the transaction is a multifamily unit located at 442 Manitoba Street in Playa del Rey. The sale was finalized at a price of $1,875,000 for a total of 2 units, yielding a price per unit of $937,500. The total square footage of the asset is 3,120 square feet, resulting in a price per square foot of $600.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,875,000
- Units: 2
- Price Per Unit: $937,500
- Square Footage: 3,120
- Price Per Square Foot: $600
- Buyer: Jakobo Onofre
- Seller: Keith Hackbarth
- Seller's Representative: Zac Freehling & Mike Matthias - Pacific Partners Real Estate Investments
The deal involved Jakobo Onofre as the buyer, acquiring the property from seller Keith Hackbarth. Representing the seller in this transaction were Zac Freehling and Mike Matthias from Pacific Partners Real Estate Investments.
Players
Playa Del Rey 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
8.46%
Cash-on-Cash
-2.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93