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:
- 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.
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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93