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:
- Property Type: MultiFamily
- Transaction Amount: $2,300,000.00
- Address: 325 Witmer St
- Market: Los Angeles
- Buyer: Steven Cucci
- Seller: Mark Colman
- Broker: Taylor Avakian, Lyon Stahl Investment Real Estate
This transaction was facilitated by broker Taylor Avakian, who represents Lyon Stahl Investment Real Estate in the deal.
Players
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