Updated Oct 29, 2024
Fox Hills Investment Co LLC Sells Multifamily Property In Culver City For $33M
6000 Buckingham Parkway, Culver City, CA, USA
$33,000,000
$920/SF
Building Size
35,855 SF
Asset Type
MultiFamily
Closing
Nov 6, 2019
About this deal
AI
A multifamily property located at 6000, 6024, 6060 Buckingham Parkway in Culver City has been sold for a price of $33,000,000. The property consists of 104 units and was sold off-market. The transaction took place on November 7, 2019. The seller of the property was Fox Hills Investment Co LLC, while the broker involved in the deal was David Pressberg from Pressberg Realty.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $33,000,000
- Units: 104
- Price Per Unit: $317,307
- Market: Culver City
David Pressberg of Pressberg Realty represented the seller, Fox Hills Investment Co LLC, in the transaction. The deal was concluded on an off-market basis, indicating that it was not publicly listed for sale.
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
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93