facebook

traded

+ Submit
Home

/

Deals

/

California

/

Multifamily

/

Sale

/

12527 Cranbrook Avenue

Michael Goldblatt Purchases Multifamily Property In Hawthorne For $1.235M With Jake Glaser & Spencer Chan As Representatives
SOLDMultiFamily

Michael Goldblatt Purchases Multifamily Property In Hawthorne For $1.235M With Jake Glaser & Spencer Chan As Representatives

12527 Cranbrook Avenue

$1,235,000

$321/SF

Building Size

3,847 SF

Asset Type

MultiFamily

Closing

Aug 8, 2024

AI

The property involved in the transaction is a multifamily asset located at 12527 Cranbrook Avenue in the Hawthorne market. The sale price reached $1,235,000, comprising four units. The total square footage of the property is 3,847, resulting in a price per unit of $308,750 and a price per square foot of $321.

Summary of transaction details:

Key individuals involved in the transaction include the buyer, Michael Goldblatt, and the seller, William D. Richard. The buyer's interests were represented by Jake Glaser and Spencer Chan from Lyon Stahl Investment Real Estate, while the seller was represented by Nabil Awada and Alexander Brankovic from Matthews Real Estate Investment Services.

Players

Nabil Awada

Matthews

Broker

$50.1M

vol

5 deals

Broker

Hawthorne MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.84%

Cash-on-Cash

-3.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93