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401 N Genesee

Mark Colman Purchases MultiFamily Asset From Cathey Davis In Los Angeles For $3.6M
SOLDMultiFamily

Mark Colman Purchases MultiFamily Asset From Cathey Davis In Los Angeles For $3.6M

401 N Genesee

$3,600,000

Building Size

Asset Type

MultiFamily

Closing

Jul 21, 2021

AI

The property involved in this transaction is a MultiFamily asset located at 401 N Genesee in the Los Angeles market. The transaction was completed for a total price of $3,600,000.00.

Summary of transaction details:

Mark Colman acquired the MultiFamily property from Cathey Davis, with the transaction facilitated by broker Taylor Avakian representing Lyon Stahl Investment Real Estate. This transaction represents a notable exchange within the Los Angeles real estate market.

Players

Taylor Avakian
Verified Badge

Taylor Avakian

Lyon Stahl Investment Real Estate

Broker

$221.3M

vol

53 deals

Broker

Mark Colman

Buyer

$50.7M

vol

10 deals

Buyer

Cathey Davis

Seller
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

4.41%

Cash-on-Cash

-1.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93