Press Release brought to you by NAI Capital

NAI Capital Completes 4-Unit Multifamily Investment Sale in Inglewood, CA

12/19/2017

Los Angeles, CA Tuesday, December 19, 2017– Vice President Mario Gandara  with NAI Capital’s Multifamily Services Group completed the sale of a 4-unit apartment building located at 4522 West 64th St, Inglewood, Calif. Gandara, represented the buyer, a private investor in the transaction. The sale price totalled $1,150,000 million or $287,500 per unit.

The 2-building property was recently renovated and is situated in North Inglewood, Ladera Heights area. It is just minutes from LA Rams Stadium and new Hollywood Park $2.6 billion dollar redevelopment. The unit mix includes two 3-bedroom units, one 2-beroom and a studio. At the time of the sale the apartment complex was 100% occupied.

Gandara said, “Property values in Inglewood, especially for apartments have shot-up since the NFL announced it was building the new stadium at Hollywood Park. My client was extremely pleased with this purchase and looking to hold this as long term investment.”

About NAI Capital

NAI Capital is the largest independently owned full service commercial real estate firm headquartered in Southern California. As one of the largest members of NAI Global, the premier managed commercial real estate service network with 400 Offices and 7,000 market leaders spanning the globe, NAI Capital provides a complete range of transaction, valuation, investment, property management and consulting services. By leveraging our local expertise with our global reach, NAI Capital offers innovative, customized solutions and seamless service to owners, tenants, investors and developers throughout Southern California. NAI Capital clients have built their businesses on the power of our expanding network. We are a dynamic growing commercial real estate company. At NAI Capital we work together putting our clients first.

NAI Capital Brokerage CA BRE #01990696.

To learn more, visit www.naicapital.com.

About NAI Global

Founded in 1978, NAI Global is a leading global commercial real estate brokerage firm. NAI Global Offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 Offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 7,000 local market professionals, managing in excess of over 425 million square feet of property.  Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.

NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.

To learn more, visit www.naiglobal.com.

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Source

NAI Capital

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