Updated Dec 4, 2024
Bryan Glenn Brokers $3.72M Sale Of 6-Unit Multifamily In Los Angeles
8535 Colgate Avenue
$3,721,750
$488/SF
Building Size
7,614 SF
Asset Type
MultiFamily
Closing
May 7, 2024
About this deal
AI
The multifamily property located at 8535 Colgate Avenue in Los Angeles was recently sold for $3,721,750. This property consists of a condo-quality 6-unit apartment building spanning 7,614 square feet. The transaction, facilitated by Bryan Glenn of Kidder Mathews, offers a unique investment opportunity with three vacant, fully furnished, and designer-renovated units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,721,750
- Units: 6
- Price per Unit: $620,292
- Square Footage: 7,614
- Price per Square Foot: $489
- Address: 8535 Colgate Avenue
- Market: Los Angeles
- Buyer: Austin Mudd
- Broker: Bryan Glenn - Kidder Mathews
Austin Mudd was the buyer involved in the transaction, with Bryan Glenn from Kidder Mathews serving as the broker representing the deal.
On the Map
$3,721,750
$488/SF
MultiFamily
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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
4.26%
Cash-on-Cash
-1.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93