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
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