Maxx Feldman & Elijah Korobkin Acquire Inglewood Multifamily For $2.05M
SOLD
$2,050,000
+ 2
California
See Similar DealsMultiFamily6,220 SF
Sold 08/05/2022
SOLD
Maxx Feldman & Elijah Korobkin Acquire Inglewood Multifamily For $2.05M
713 Edgewood Street
See Similar DealsMultiFamily6,220 SF
Sold 08/05/2022
+ 2
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$329
Total Square Footage:6,220 SF
Transaction Type:Sale
A multifamily property located at 713 Edgewood St. in Inglewood has been sold in a recent transaction. The property consists of 8 units with a total square footage of 6,220. The sale price for this transaction was $2,050,000, resulting in a price per unit of $256,250 and a price per square foot of $329.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,050,000
- Address: 713 Edgewood St., Inglewood
- Market: Inglewood
- Units: 8
- Price per Unit: $256,250
- Square Footage: 6,220
- Price per Square Foot: $329
The buyers in this transaction were Maxx Feldman and Elijah Korobkin. The seller of the property was Ezequiel Navar. The deal was facilitated by Jake Glaser, Taylor Avakian, Daniel Withers, and John Boyett from Matthews Real Estate Investment Services.
Players
BUYER
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$109,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,283.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,718.05
Annual Debt Service$116,616.55
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