SOLDMultiFamily
Mark Colman Acquires Multifamily Property At 211 S Ave 57 Los Angeles For $6.525M
211 S Ave 57
$6,525,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 19, 2021
AI
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.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.43%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93