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325 Witmer St

Steven Cucci Purchases MultiFamily Property From Mark Colman In Los Angeles For $2.3M
SOLDMultiFamily

Steven Cucci Purchases MultiFamily Property From Mark Colman In Los Angeles For $2.3M

325 Witmer St

$2,300,000

Building Size

Asset Type

MultiFamily

Closing

Jul 6, 2022

AI

The property at 325 Witmer St, located in the Los Angeles market, is categorized as a MultiFamily asset. It was transacted for a total amount of $2,300,000.00.

Summary of transaction details:

This transaction was facilitated by broker Taylor Avakian, who represents Lyon Stahl Investment Real Estate in the deal.

Players

Taylor Avakian
Verified Badge

Taylor Avakian

Lyon Stahl Investment Real Estate

Broker

$221.3M

vol

53 deals

Broker

Steven Cucci

Buyer
Buyer

Mark Colman

Seller

$50.7M

vol

10 deals

Seller

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

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93