Updated Sep 9, 2024
Mike Matthias Of West Los Angeles Brokers Sells Multifamily Property On Barrington Ave For $2.21M
2650 S Barrington Ave, Los Angeles, CA 90064, USA
$2,210,000
$514/SF
Building Size
4,300 SF
Asset Type
MultiFamily
Closing
Feb 16, 2021
About this deal
AI
The multifamily property located at 2650 Barrington Ave in West Los Angeles has been sold. The transaction took place on February 17, 2021. The property was listed by broker Mike Matthias from Matthias.Mike. The property was initially listed for $2,399,000 but was sold for $2,210,000. The property consists of 6 units with an average price per unit of $368,333. The total square footage of the property is 4,300, resulting in a price per square foot of $513. The property has a capitalization rate of 4.11%.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,210,000
- Units: 6
- Price per Unit: $368,333
- Square Footage: 4,300
- Price per Square Foot: $513
- Capitalization Rate: 4.11%
Mike Matthias from Matthias.Mike represented the seller in this transaction.
On the Map
$2,210,000
$514/SF
MultiFamily
View full map
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Mike Matthias to view all their deals.
Browse California multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.18%
Cash-on-Cash
-2.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93