Updated Oct 28, 2024
Langdon Park Capital Acquires 200-Unit Multifamily Property In Hollywood & Baldwin Village For $36.9M
5640 Santa Monica Boulevard, Los Angeles, California 90038, United States
$36,900,000
Units
200
Asset Type
MultiFamily
Closing
Jul 5, 2022
About this deal
AI
The multifamily property located at 5640 Santa Monica Boulevard & 3933-3939 Nicolet Ave in Hollywood & Baldwin Village has been sold for a total of $36,900,000. The sale was finalized on 07/06/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $36,900,000
- Address: 5640 Santa Monica Boulevard & 3933-3939 Nicolet Ave
- Market: Hollywood & Baldwin Village
The buyer of the property is Langdon Park Capital, represented by Malcolm Johnson. The deal was facilitated by brokers Steven Goldstein, Bryan Schellinger, Mike Smith, and Shane Shafer from NorthMarq.
Players
Los Angeles 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
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93