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:
- Property Type: Multifamily
- Transaction Amount: $2,600,000
- Units: 8
- Price per Unit: $325,000
- Square Footage: 5,819
- Market: Los Angeles
- Broker: Michael Salerno - Lee & Associates
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.
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