Mark Colman Acquires 15-Unit Multifamily In Central Los Angeles For $3.2M
SOLD
$3,175,000
California
See Similar DealsMultiFamily10,294 SF
Sold 11/19/2021
SOLD
Mark Colman Acquires 15-Unit Multifamily In Central Los Angeles For $3.2M
153 South Avenue 57, Los Angeles, CA 90042
See Similar DealsMultiFamily10,294 SF
Sold 11/19/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$308
Total Square Footage:10,294 SF
Transaction Type:Sale
A multifamily property located at 153 S. Avenue 57 in Central Los Angeles has been sold on November 19, 2021. The property consists of 15 units with a total square footage of 10,294. The sale price for this transaction was $3,175,000, resulting in a per unit price of $211,666 and a price per square foot of $308.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,175,000
- Units: 15
- Price per Unit: $211,666
- Square Footage: 10,294
- Price per Square Foot: $308
- Address: 153 S. Avenue 57
- Market: Central Los Angeles
The buyer of the property was Mark Colman, while the seller was Hyman Kosman. The transaction was facilitated by brokers Taylor Avakian and Charles Wright from Matthews Real Estate Investment Services.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$169,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,280.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,051.12
Annual Debt Service$180,613.44
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