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6955 Trolleyway Street

Matthew Lavi Acquires Multifamily Property In Playa Del Rey For $4.7M As Buyer's Rep
SOLDMultiFamily

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

Debra Berman

Re/Max

Broker

$4.7M

vol

1 deal

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

3.38%

Cash-on-Cash

-0.96%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93