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4645 Stoner Avenue, Culver ...

M West Holdings Acquires Multifamily Property In Culver City For $14.4M
SOLDMultiFamily

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

Blake Rogers

JLL

Broker

$2.2B

vol

23 deals

Broker
Walker & Dunlop
Walker & DunlopBrokerage

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