facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Multifamily

/

Sale

/

6401 Ocean Front Walk

Edward Stokx Acquires Multifamily Property From Angelo Mazzone In Playa Del Rey For $8.7M
SOLDMultiFamily

Edward Stokx Acquires Multifamily Property From Angelo Mazzone In Playa Del Rey For $8.7M

6401 Ocean Front Walk & 6405 Speedway

$8,700,000

$898/SF

Building Size

9,684 SF

Asset Type

MultiFamily

Closing

Jul 15, 2024

AI

The property asset involved in this transaction is a multifamily property located at 6401-6405 Ocean Front Walk in Playa Del Rey. The sale price for this asset was $8,700,000, consisting of 4 units with a price per unit of $2,175,000. The total square footage of the property is 4,842, resulting in a price per square foot of $1,797.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $8,700,000
  • Units: 4
  • Price Per Unit: $2,175,000
  • Square Footage: 4,842
  • Price Per Square Foot: $1,797
  • Buyer: Edward Stokx
  • Seller: Angelo Mazzone
  • Brokers: Andrew Malekie & Coby Chatwin - Hatrick Real Estate - Link Brokerages

This transaction involved Edward Stokx as the buyer and Angelo Mazzone as the seller. The deal was facilitated by brokers Andrew Malekie and Coby Chatwin, who represent Hatrick Real Estate under Link Brokerages.

Players

Andrew Malekie

Link Brokerages

Broker

$18.2M

vol

2 deals

Broker

Playa Del Rey MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.82%

Cash-on-Cash

-0.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93