Jason Hoffman Purchases Multifamily Asset From Mark Colman In Los Angeles For $5.85M
SOLD
California
See Similar DealsMultiFamily
Sold 12/08/2022
SOLD
Jason Hoffman Purchases Multifamily Asset From Mark Colman In Los Angeles For $5.85M
501 S Rampart Blvd
See Similar DealsMultiFamily
Sold 12/08/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
The property involved in this transaction is a MultiFamily asset located at 501 S Rampart Blvd, situated in the Los Angeles market. The transaction was completed at a price of $5,850,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $5,850,000.00
- Address: 501 S Rampart Blvd
- Market: Los Angeles
- Buyer: Jason Hoffman
- Seller: Mark Colman
- Broker: Taylor Avakian - Lyon Stahl Investment Real Estate
The deal involved Jason Hoffman as the buyer and Mark Colman as the seller, with Taylor Avakian from Lyon Stahl Investment Real Estate acting as the broker representing the seller in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$312,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,783.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,731.98
Annual Debt Service$332,783.81
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