facebook
Traded Co logo
Submit

Langdon Park Capital Acquires 200-Unit Multifamily Property In Hollywood & Baldwin Village For $36.9M

Property Image
SOLD
$36,900,000
Mike Smith
Steven Goldstein
Shane Shafer
+ 2

California

See Similar Deals
MultiFamily
Sold 07/06/2022
the dealplayerscompscontact
Property Image
SOLD

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

See Similar Deals
MultiFamily
Sold 07/06/2022
Mike Smith
Steven Goldstein
Shane Shafer
+ 2
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

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

Bryan Schellinger
NorthMarq
Bryan Schellinger
11 deals$567.7M volume(424) 422-0905
BROKER
Steven Goldstein
NorthMarq
Steven Goldstein
12 deals$260M volume
BROKER
Shane Shafer
Colliers
Shane Shafer
14 deals$814.3M volume(949) 724-5527
BROKER
Mike Smith
NorthMarq
Mike Smith
9 deals$389.3M volume
BROKER
MJ
Malcolm Johnson
3 deals$121.1M volume
BUYER

Details

SOLD
IMAGE: Malcolm Johnson DATE: 07/06/2022 ADDRESS: 5640 Santa Monica Boulevard & 3933-3939 Nicolet Ave MARKET: Hollywood & Baldwin Village ASSET TYPE: Multifamily BUYER: Langdon Park Capital - Malcolm Johnson BROKERS: Steven Goldstein, Bryan Schellinger, Mike Smith & Shane Shafer - NorthMarq (@Northmarq) SALE PRICE: $36,900,000 UNITS: 200 ~ PPU: $184,500

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,968,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$131,097.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$174,924.83
Annual Debt Service$2,099,097.91