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.
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