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Mike Matthias Of West Los Angeles Brokers Sells Multifamily Property On Barrington Ave For $2.21M

Property Image
SOLD
$2,210,000

California

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MultiFamily4,300 SF
Sold 02/17/2021
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Property Image
SOLD

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

See Similar Deals
MultiFamily4,300 SF
Sold 02/17/2021
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$514
Total Square Footage:4,300 SF
Transaction Type:Sale

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.

Players

Mike Matthias
Pacific Partners Real Estate Investments
Mike Matthias
15 deals$37M volume
BROKER

Details

SOLD
IMAGE: Mike Matthias DATE: 02/17/2021 ADDRESS: 2650 Barrington Ave MARKET: West Los Angeles ASSET TYPE: Multifamily BROKER: Mike Matthias @Matthias.Mike ASKING PRICE: $2,399,000 SALE PRICE: $2,210,000 UNITS: 6 ~ PPU: $368,333 SF: 4,300 ~ PPSF: $513 CAP: 4.11%

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