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8535 Colgate Avenue

Bryan Glenn Brokers $3.72M Sale Of 6-Unit Multifamily In Los Angeles
SOLDMultiFamily

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

Bryan Glenn

Kidder Mathews

Broker

$34.8M

vol

7 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

4.26%

Cash-on-Cash

-1.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93