Updated Oct 29, 2024
BG I Properties LLC Sells Westside Multifamily Property In Sawtelle For $72.7M With Kevin Green - Institutional Property Advisors
Westside, L A, CA, USA
$72,700,000
Units
212
Asset Type
MultiFamily
Closing
Feb 28, 2021
About this deal
AI
The multifamily property located in Westside, Sawtelle, and Palms was recently sold in a closed transaction. The property, consisting of 212 units, was sold for a total price of $72,700,000. This equates to an average price per unit of $342,924.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $72,700,000
Victor Bardack, representing BG I Properties LLC, acted as the seller for this transaction. Kevin Green from Institutional Property Advisors served as the broker in the deal.
The multifamily sale at Westside, L A, CA, USA in Los Angeles, California sold for $72.7M in 2021. Reported inventory is 212 units across 212 units. Kevin Green, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Los Angeles, California file for the Westside, L A, CA, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Los Angeles sit in the Market section below. Filter that Los Angeles multifamily set by closing date to see what else sold near Westside, L A, CA, USA around 2021. Published consideration for Westside, L A, CA, USA is $72.7M, dated 2021. Cite this BG I Properties LLC Sells Westside Multifamily Property In Sawtelle For $72.7M With Kevin Green - Institutional Property Advisors sale when underwriting similar multifamily product around Los Angeles, California.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93