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6609 Ocean Front Walk

Justin Dutchover & Susan Perryman Close $4.99M Multifamily Sale In Playa Del Rey
SOLDMultiFamily

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:

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

Susan Perryman

Carolwood Estates

Broker

$48M

vol

3 deals

Broker

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