Mark Colman Acquires Multifamily Property At 211 S Ave 57 Los Angeles For $6.525M
SOLD
$6,525,000
California
See Similar DealsMultiFamily
Sold 11/19/2021
SOLD
Mark Colman Acquires Multifamily Property At 211 S Ave 57 Los Angeles For $6.525M
211 S Ave 57
See Similar DealsMultiFamily
Sold 11/19/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
The property involved in this transaction is a MultiFamily asset located at 211 S Ave 57 in Los Angeles. The transaction price was $6,525,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $6,525,000.00
- Address: 211 S Ave 57
- Market: Los Angeles
- Buyer: Mark Colman
- Seller: Cathey Davis
- Brokers: Taylor Avakian (Lyon Stahl Investment Real Estate)
This transaction involved Mark Colman as the buyer and Cathey Davis as the seller, with Taylor Avakian from Lyon Stahl Investment Real Estate representing the seller in this closed deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$348,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,181.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,931.83
Annual Debt Service$371,181.95
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