Mark Colman Purchases MultiFamily Asset From Cathey Davis In Los Angeles For $3.6M
SOLD
$3,600,000
California
See Similar DealsMultiFamily
Sold 07/21/2021
SOLD
Mark Colman Purchases MultiFamily Asset From Cathey Davis In Los Angeles For $3.6M
401 N Genesee
See Similar DealsMultiFamily
Sold 07/21/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
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:
- Property Type: MultiFamily
- Transaction Amount: $3,600,000.00
- Address: 401 N Genesee
- Market: Los Angeles
- Buyer: Mark Colman
- Seller: Cathey Davis
- Brokers: Taylor Avakian (Lyon Stahl Investment Real Estate)
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$192,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04
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