SOLDMultiFamily
Marcus & Millichap Sells MultiFamily In Culver City For $21.6M
5800 Green Valley Cir, Culver City, CA...
$21,600,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 5, 2019
AI
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.
Players
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
0.73%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93