facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Multifamily

/

Sale

/

5640 Santa Monica Boulevard...

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

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

Building Size

Asset Type

MultiFamily

Closing

Jul 5, 2022

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

Bryan Schellinger

NorthMarq

Broker

$567.7M

vol

11 deals

Broker

Malcolm Johnson

Langdon Park Capital

Buyer

$121.1M

vol

3 deals

Buyer

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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