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7323 Winnetka Avenue

Joseph Braum Acquires Multifamily Property On Winnetka Ave For $10.4M
SOLDMultiFamily

Joseph Braum Acquires Multifamily Property On Winnetka Ave For $10.4M

7323 Winnetka Avenue & 7323 Winnetka Avenue, Winnetka, California 91306, United States

$10,400,000

$230/SF

Building Size

45,156 SF

Asset Type

MultiFamily

Closing

Sep 21, 2022

AI

The multifamily property located at 7323 Winnetka Ave in Winnetka, CA has been sold in a recent transaction. The property consists of 21 units with a total square footage of 22,578. The sale price for this transaction was $10,400,000, resulting in a price per unit of $495,238 and a price per square foot of $461.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $10,400,000
  • Address: 7323 Winnetka Ave, Winnetka, CA
  • Number of Units: 21
  • Price per Unit: $495,238
  • Total Square Footage: 22,578
  • Price per Square Foot: $461

In this transaction, Joseph Braum acted as the buyer, while Stephen Gregorchuk served as the seller. The brokerage firm involved in the deal was KW Commercial, with Kelly Morgan representing the buyer's side as the broker.

Players

Kelly Morgan

KW Commercial

Broker

$15.3M

vol

2 deals

Broker

Joseph Braum

Buyer

$21.2M

vol

3 deals

Buyer

Los Angeles 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

1.53%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93