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
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.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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