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3051 North Coolidge Avenue

Benjamin Kahle & James Harm Purchase Los Angeles Multifamily For $2.08M
SOLDMultiFamily

Benjamin Kahle & James Harm Purchase Los Angeles Multifamily For $2.08M

3051 North Coolidge Avenue

$2,080,000

$2,217/SF

Building Size

938 SF

Asset Type

MultiFamily

Closing

Jul 5, 2024

AI

A multifamily property located at 3051 North Coolidge Avenue in Los Angeles' Frogtown neighborhood was recently sold for a total of $2.08 million. The property spans 938 square feet and was sold at a price per square foot of $2,217.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,080,000
  • Address: 3051 North Coolidge Avenue
  • Market: Los Angeles

Benjamin Kahle and James Harm from Compass represented the buyer in this transaction, while Brock Harris from Keller Williams represented the seller. Both buyer's representatives played a key role in facilitating the purchase of the multifamily property, ensuring a successful deal for their client.

Players

Brock Harris

Keller Williams Realty

Broker

$16.2M

vol

4 deals

Broker

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

7.63%

Cash-on-Cash

-2.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93