Updated Oct 28, 2024
California Home Builders Acquires Multifamily Property In Playa Vista For $230.7M
5901 Center Drive, Los Angeles, California 90045, United States
$230,700,000
Units
376
Asset Type
MultiFamily
Closing
Aug 16, 2022
About this deal
AI
The multifamily property located at 5901 Center Drive in Playa Vista has been sold for a total price of $230,700,000. The transaction took place on August 17, 2022. The property consists of 376 units, resulting in a price per unit of $614,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $230,700,000
- Address: 5901 Center Drive
- Market: Playa Vista
The buyer of the property is California Home Builders, represented by Sharon Evenhaim. The seller is Mill Creek Residential, represented by Bill MacDonald.
On the Map
$230,700,000
MultiFamily
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Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
About $613.6K per unit across 376 units on a published $230.7M (2022).
Browse California multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93