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
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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