Updated Dec 4, 2024
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
About this deal
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