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

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.