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632 Manchester Dr

Joseph Kendall Purchases MultiFamily Property From Nicholas Infantino In Inglewood For $1.615M
SOLDMultiFamily

Joseph Kendall Purchases MultiFamily Property From Nicholas Infantino In Inglewood For $1.615M

632 Manchester Dr

$1,615,000

$230/SF

Building Size

6,994 SF

Asset Type

MultiFamily

Closing

Nov 23, 2021

AI

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.

Players

Jonathan Nikfarjam

Shield Commercial Real Estate

Broker

$23.6M

vol

4 deals

Broker

Joseph Kendall

Buyer
Buyer

Nicholas Infantino

Seller
Seller

Inglewood 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

9.82%

Cash-on-Cash

-2.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93