Golden Bee Properties Sells 10-Unit Multifamily Property In Inglewood For $4.17M
SOLD
$4,170,000
California
See Similar DealsMultiFamily7,548 SF
Sold 07/27/2022
SOLD
Golden Bee Properties Sells 10-Unit Multifamily Property In Inglewood For $4.17M
7916 Crenshaw Boulevard
See Similar DealsMultiFamily7,548 SF
Sold 07/27/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$552
Total Square Footage:7,548 SF
Transaction Type:Sale
Golden Bee Properties has sold a multifamily property located at 7916-7920 Crenshaw Blvd. in Inglewood. The property consists of 10 units and spans a total of 7,548 square feet. The transaction, facilitated by David Berneman of Golden Bee Properties, was completed on July 27, 2022, with a sale price of $4,170,000. This equates to a price per unit of $417,000 and a price per square foot of $552.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,170,000
- Units: 10
- Price per Unit: $417,000
- Square Footage: 7,548
- Price per Square Foot: $552
- Seller: Golden Bee Properties - Jonathan Zadok & Marty Berneman
- Broker: David Berneman - Golden Bee Properties
The sale of the property was facilitated by David Berneman, representing Golden Bee Properties. Jonathan Zadok and Marty Berneman, from Golden Bee Properties, acted as the sellers in this transaction. This sale presents an opportunity for the new owner to generate income through the 10 rental units within the multifamily property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$222,400.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,815.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,767.93
Annual Debt Service$237,215.13
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