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6124 Alcott Street, Los Ang...

Amy Bitton Acquires 6-Unit Multifamily Property On Alcott St. In Los Angeles For $2.57M
SOLDMultiFamily

Amy Bitton Acquires 6-Unit Multifamily Property On Alcott St. In Los Angeles For $2.57M

6124 Alcott Street, Los Angeles, California 90035, United States

$2,570,000

$488/SF

Building Size

5,258 SF

Asset Type

MultiFamily

Closing

May 25, 2022

AI

The multifamily property located at 6124 Alcott St. in Los Angeles has been sold for a price of $2,570,000. The property consists of 6 units and spans a total area of 5,258 square feet. The sale price per unit was $428,333, and the price per square foot was $488.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,570,000
  • Address: 6124 Alcott St., Los Angeles
  • Market: Los Angeles
  • Units: 6
  • Price per unit: $428,333
  • Total square footage: 5,258
  • Price per square foot: $488

The buyer of the property was Amy Bitton, and the seller was Daniel Holmes. The transaction was facilitated by brokers Zac Freehling and Blake MacDowall, representing Pacific Partners Los Angeles.

Players

Zac Freehling

Pacific Partners Real Estate Investments

Broker

$237.5M

vol

61 deals

Broker

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

6.17%

Cash-on-Cash

-1.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93