Marcus & Millichap Sells MultiFamily In Culver City For $21.6M
SOLD
$21,600,000
California
See Similar DealsMultiFamily
Sold 09/05/2019
SOLD
Marcus & Millichap Sells MultiFamily In Culver City For $21.6M
5800 Green Valley Cir, Culver City, CA...
See Similar DealsMultiFamily
Sold 09/05/2019
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
The Sheffield Apartments is a 57-unit multifamily property located at 5800 Green Valley Cir, Culver City, CA. The property was sold for $21,600,000.00 in the Culver City market.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $21,600,000.00
- Seller's Representative: Matthew Kipp-Marcus & Millichap
- Broker: Matt Ziegler-Marcus & Millichap
- Buyer: Unknown
Tyler Leeson, Matt Ziegler, and Matthew Kipp of Marcus & Millichap facilitated the transaction, representing the seller and procuring the unidentified buyer.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,152,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$76,740.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$102,395.02
Annual Debt Service$1,228,740.24
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