Paul Schon And Kerolos Zaki Of Schon Development Group Acquire Multifamily Property For $9.09M In Los Angeles
SOLD
$9,085,693
California
See Similar DealsMultiFamily20,679 SF
Sold 12/27/2024
SOLD
Paul Schon And Kerolos Zaki Of Schon Development Group Acquire Multifamily Property For $9.09M In Los Angeles
3992 Inglewood Boulevard
See Similar DealsMultiFamily20,679 SF
Sold 12/27/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$439
Total Square Footage:20,679 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$484,570.30
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$32,279.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,070.82
Annual Debt Service$516,849.84
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