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313 South Church Lane

Michael Salerno Of Lee & Associates Facilitates $2.6M Sale Of Brentwood Glen Multifamily
SOLDMultiFamily

Michael Salerno Of Lee & Associates Facilitates $2.6M Sale Of Brentwood Glen Multifamily

313 South Church Lane

$2,600,000

$446/SF

Building Size

5,819 SF

Asset Type

MultiFamily

Closing

May 17, 2024

AI

Located at 313 South Church Lane in Brentwood Glen, Los Angeles, this multifamily property was sold for $2.6 million. The property consists of 8 units, each priced at $325,000, with a total square footage of 5,819. The price per square foot stood at $447.

Summary of transation details:

The sale of 313 South Church Lane was facilitated by Michael Salerno from Lee & Associates. This property, offering 1-bedroom units and significant rent upside, entered the market for the first time in over 30 years.

Players

Michael Salerno

Lee & Associates

Broker

$23.2M

vol

6 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

6.10%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93