Justin Dutchover & Susan Perryman Close $4.99M Multifamily Sale In Playa Del Rey
6609 Ocean Front Walk
$4,999,995
$2,073/SF
Building Size
2,411 SF
Asset Type
MultiFamily
Closing
Jun 17, 2024
AI
A multifamily property at 6609 Ocean Front Walk in Playa del Rey has been sold for $4,999,995. The property is a turnkey duplex spanning 2,411 square feet, offering unobstructed ocean views and modern upgrades. Situated in a prime location, the property presents a rare opportunity for beachfront living or investment.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,999,995
- Address: 6609 Ocean Front Walk
- Market: Playa del Rey
- Square Footage: 2,411
- Price per Square Foot: $2,074
- Buyer's Rep: Justin Dutchover - Compass
- Seller's Rep: Susan Perryman - Carolwood Estates
Representing the buyer in this transaction is Justin Dutchover from Compass, while Susan Perryman from Carolwood Estates acted as the seller's representative. Their expertise and negotiation skills played a crucial role in finalizing the deal for the multifamily property in Playa del Rey. The involvement of these seasoned professionals ensured a smooth and successful transaction.
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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93