Paul Darrow Of Walker & Dunlop Facilitates $33.04M Multifamily Sale In Los Angeles

The Collection at Baldwin, located at multiple addresses including 3838 Gibraltar Avenue, 4005 Ursula Avenue, 4050 Stevely Avenue, 3930-3954 Ursula Avenue, 4066 Coco Avenue, 4046-4052 Coco Avenue, and 3872-3878 Potomac Avenue, is a multifamily asset in the Los Angeles market. It comprises 226 units with a total square footage of 207,132 and a sale price of $33,040,000, translating to a price per unit of $146,195 and a price per square foot of $160.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $33,040,000
• Units: 226
• Square Footage: 207,132
• Price per Unit: $146,195
• Price per Square Foot: $160
• Broker: Paul Darrow - Walker & Dunlop

Paul Darrow of Walker & Dunlop structured the transaction through both single-property and cluster sale formats, targeting diverse investor interests. The deal involved navigating a nine-month loan assumption process which included handling new RSO compliance requirements and evolving Section 8 policy, with four of the assets featuring assumable Freddie Mac financing to enhance the offering's appeal.