Matthew Lavi Acquires Multifamily Property In Playa Del Rey For $4.7M As Buyer's Rep
6955 Trolleyway Street
$4,700,000
$1,247/SF
Building Size
3,768 SF
Asset Type
MultiFamily
Closing
Mar 21, 2024
AI
Located at 6955 Trolleyway Street in Playa del Rey, a multifamily property was recently sold for $4,700,000. The transaction was handled by Matthew Lavi from Keller Williams Larchmont representing the buyer, and Debra Berman and Patricia Kandel from RE/MAX Estate Properties representing the seller. The property spans 3,768 square feet with a price per square foot of $1,247.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,700,000
- Address: 6955 Trolleyway Street
- Market: Playa del Rey
- Buyer's Rep: Matthew Lavi - Keller Williams Larchmont
- Seller's Rep: Debra Berman & Patricia Kandel - RE/MAX Estate Properties
- SF: 3,768
- PPSF: $1,247
The collaboration between Matthew Lavi of Keller Williams Larchmont and Debra Berman and Patricia Kandel of RE/MAX Estate Properties facilitated the successful sale of the multifamily property at 6955 Trolleyway Street in Playa del Rey.
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
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93