Joseph Kendall Purchases MultiFamily Property From Nicholas Infantino In Inglewood For $1.615M
SOLD
$1,615,000
California
See Similar DealsMultiFamily6,994 SF
Sold 11/23/2021
SOLD
Joseph Kendall Purchases MultiFamily Property From Nicholas Infantino In Inglewood For $1.615M
632 Manchester Dr
See Similar DealsMultiFamily6,994 SF
Sold 11/23/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$230
Total Square Footage:6,994 SF
Transaction Type:Sale
The transaction involved a MultiFamily asset located at 632 Manchester Dr in Inglewood. The property was sold for $1,615,000.00 and encompasses a total of 6,994 square feet.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,615,000.00
- Address: 632 Manchester Dr
- Market: Inglewood
- Square Footage: 6,994.0
- Buyer: Joseph Kendall
- Seller: Nicholas Infantino
- Brokers: Chase Simonton (Re/Max), Jonathan Nikfarjam (Shield Commercial Real Estate)
Chase Simonton from Re/Max and Jonathan Nikfarjam from Shield Commercial Real Estate represented the transaction, providing assistance to the buyer and seller throughout the process. This sale highlights the active participation of these brokerage firms in the Inglewood market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$86,133.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,737.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,655.92
Annual Debt Service$91,871.09
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