facebook

traded

+ Submit
Home

/

Deals

/

California

/

Multifamily

/

Sale

/

211 South Avenue 57, Los An...

Mark Colman Acquires Multifamily Property At 211 S Ave 57 In Central Los Angeles
SOLDMultiFamily

Mark Colman Acquires Multifamily Property At 211 S Ave 57 In Central Los Angeles

211 South Avenue 57, Los Angeles, CA 90042

$6,525,000

$303/SF

Building Size

21,528 SF

Asset Type

MultiFamily

Closing

Nov 18, 2021

AI

The multifamily property located at 211 S Ave 57 in Central Los Angeles has been sold. The transaction took place on 11/18/2021. The property consists of 32 units with a total square footage of 21,528. The asking price and sale price for the property were both $6,525,000, resulting in a per unit price of $203,906 and a price per square foot of $303.

Summary of transation details

  • Property Type: Multifamily
  • Sale Price: $6,525,000
  • Units: 32
  • Price Per Unit: $203,906
  • Square Footage: 21,528
  • Price Per Square Foot: $303
  • Market: Central Los Angeles

The buyer of the property is Mark Colman, while the seller is Hyman Kosman. The brokers involved in the deal are Taylor Avakian and Charles Wright from Matthews Real Estate Investment Services.

Players

Charles Wright

Matthews

Broker

$71M

vol

10 deals

Broker
Taylor Avakian
Verified Badge

Taylor Avakian

Lyon Stahl Investment Real Estate

Broker

$221.3M

vol

53 deals

Broker

Mark Colman

Buyer

$50.7M

vol

10 deals

Buyer

Hyman Kosman

Seller

$9.7M

vol

2 deals

Seller

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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