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

Property Image
SOLD
$2,600,000

California

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MultiFamily5,819 SF
Sold 05/17/2024
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Property Image
SOLD

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

313 South Church Lane

See Similar Deals
MultiFamily5,819 SF
Sold 05/17/2024
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$446
Total Square Footage:5,819 SF
Transaction Type:Sale

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 "Mike" Salerno
Lee & Associates
Michael Salerno
6 deals$23.2M volume
BROKER

Details

SOLD
IMAGE: Michael Salerno DATE: 05/17/2024 ADDRESS: 313 South Church Lane MARKET: Los Angeles ASSET TYPE: Multifamily BROKER: Michael Salerno - Lee & Associates (@LeeAssociatesRE) SALE PRICE: $2,600,000 UNITS: 8 ~ PPU: $325,000 SF: 5,819 ~ PPSF: $447 NOTE: 313 South Church Lane in Brentwood Glen, Los Angeles, sold for $2.6 million with 8 units priced at $325,000 each. The property, featuring 1-bedroom units and significant rent upside, is hitting the market for the first time in over 30 years.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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