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442 Manitoba Street

Jakobo Onofre Purchases Multifamily Property In Playa Del Rey From Keith Hackbarth For $1.875M
SOLDMultiFamily

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:

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

Mike Matthias

Pacific Partners Real Estate Investments

Broker

$37M

vol

15 deals

Broker

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