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
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