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
Playa Del Rey 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
1.82%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93