Jason Hoffman Purchases Multifamily Asset From Mark Colman In Los Angeles For $5.85M
501 S Rampart Blvd
$5,850,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 8, 2022
AI
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.
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
2.71%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93