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Moe Fowl Acquires Multifamily Portfolio From Sharon Christian For $2.645M In Los Angeles And Camarillo

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SOLD
$2,645,000

California

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MultiFamily9,746 SF
Sold 04/15/2025
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Property Image
SOLD

Moe Fowl Acquires Multifamily Portfolio From Sharon Christian For $2.645M In Los Angeles And Camarillo

851 Serrano Place & 405 Village Common Boulevard

See Similar Deals
MultiFamily9,746 SF
Sold 04/15/2025
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$271
Total Square Footage:9,746 SF
Transaction Type:Sale

A two-property residential income portfolio located at 851 Serrano Place and 405 Village Common Boulevard in the Los Angeles and Camarillo markets has been sold for $2,645,000. The properties consist of a total of 3 units, offering a price per unit of $881,666. The combined square footage is 4,873, resulting in a price per square foot of $542.

Summary of transaction details:

The brokers involved in the transaction, Nathan Shaolian and Dane Garson from Kidder Mathews, are facilitating the seller's 1031 exchange into higher yielding commercial assets, with the upleg already in escrow. This strategic move enhances the client's investment position significantly.

Players

Nathan Shaolian
15 deals$35.4M volume(818) 642-4123
BROKER

Nathan Shaolian
Kidder Mathews
15 deals$35.4M volume(818) 642-4123
BROKER

Dane Garson
Kidder Mathews
6 deals$16.9M volume(949) 922-2861
BROKER

Details

SOLD
IMAGE: Nathan Shaolian & Dane Garson DATE: 04/15/2025 ADDRESS: 851 Serrano Place & 405 Village Common Boulevard MARKET: Los Angeles & Camarillo ASSET TYPE: Multifamily BUYER: Moe Fowl SELLER: Sharon Christian BROKERS: Nathan Shaolian (@NathanShaolian) & Dane Garson (@DaneGarsRE) - Kidder Mathews (@Kidder.Mathews) SALE PRICE: $2,645,000 UNITS: 3 ~ PPU: $881,666 SF: 4,873 ~ PPSF: $542 NOTE FROM BROKER: Two-property residential income portfolio - now facilitating the sellers 1031 exchange into higher yielding commercial assets. Upleg is already in escrow. A strategic move that significantly elevates our clients investment position Contact Nathan or Dane for more details.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$141,066.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,397.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,538.65
Annual Debt Service$150,463.79