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901 Centinela Avenue, Ingle...

Ron Mayer Acquires 13-Unit Multifamily In Inglewood For $3.37M
SOLDMultiFamily

Ron Mayer Acquires 13-Unit Multifamily In Inglewood For $3.37M

901 Centinela Avenue, Inglewood, California 90302, United States

$3,370,000

$332/SF

Building Size

10,147 SF

Asset Type

MultiFamily

Closing

Feb 13, 2022

AI

A multifamily property located at 901 Centinela Ave. in Inglewood has been sold in a recent transaction. The property consists of 13 units, with a total square footage of 10,147. The sale price for this transaction was $3,370,000, resulting in a price per unit of $259,230 and a price per square foot of $332.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $3,370,000
  • Units: 13
  • Price per Unit: $259,230
  • Square Footage: 10,147
  • Price per Square Foot: $332
  • Address: 901 Centinela Ave., Inglewood

The buyer in this transaction was Ron Mayer, and the seller was Eli Patronas. The deal was facilitated by Sebastian Barahal and Shane Young from Young Lewin Advisors.

Players

Shane Young

Young Lewin Advisors

Broker

$21.2M

vol

6 deals

Broker

Ron Mayer

Buyer

$11.4M

vol

4 deals

Buyer

Eli Patronas

Seller

$16M

vol

4 deals

Seller

Inglewood 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

4.71%

Cash-on-Cash

-1.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93