M West Holdings Acquires Multifamily Property In Culver City For $14.4M
4645 Stoner Avenue, Culver City, CA 90230, USA
$14,407,500
$272/SF
Building Size
52,800 SF
Asset Type
MultiFamily
Closing
Jun 16, 2019
AI
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $14,407,500
- Address: 4611-4645 Stoner Ave
- Market: Culver City
- Square Footage: 52,800
- Price per Square Foot: $272.87
M West Holdings has acquired a multifamily property located at 4611-4645 Stoner Ave in Culver City. The property encompasses a total of 52,800 square feet and was sold for a total of $14,407,500, resulting in a price per square foot of $272.87.
The buyer in this transaction, M West Holdings, has made a significant investment in the Culver City market with the acquisition of this multifamily property. The deal was facilitated by broker Blake Rogers.
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
1.10%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93