Paul Schon And Kerolos Zaki Of Schon Development Group Acquire Multifamily Property For $9.09M In Los Angeles
3992 Inglewood Boulevard
$9,085,693
$439/SF
Building Size
20,679 SF
Asset Type
MultiFamily
Closing
Dec 27, 2024
AI
The multifamily asset located at 3992 Inglewood Boulevard, Los Angeles, was sold for $9,085,693. This property comprises 21 units, with a price per unit of $432,652. The total square footage of the asset is 20,679, resulting in a price per square foot of $439.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $9,085,693
- Units: 21
- Price per Unit: $432,652
- Square Footage: 20,679
- Price per Square Foot: $439
- Buyer: Paul Schon & Kerolos Zaki - Schon Development Group; Jessica Mandelbaum - Mandelbaum & Associates
- Seller: William Tseng - Park Towers 1990 Corporation
- Brokers: Melanie Nutting & Kitty Wallace - Colliers
The transaction involved key individuals such as Paul Schon, Kerolos Zaki, and Jessica Mandelbaum representing the buyers, while William Tseng represented the seller. The deal was facilitated by brokers Melanie Nutting and Kitty Wallace from Colliers.
Players
Los Angeles 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
1.75%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93