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Justin Dutchover & Susan Perryman Close $4.99M Multifamily Sale In Playa Del Rey
SOLD
$4,999,995
California
See Similar DealsMultiFamily2,411 SF
Sold 06/17/2024
SOLD
Justin Dutchover & Susan Perryman Close $4.99M Multifamily Sale In Playa Del Rey
6609 Ocean Front Walk
See Similar DealsMultiFamily2,411 SF
Sold 06/17/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$2,073
Total Square Footage:2,411 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.40
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.53
Annual Debt Service$284,430.33
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