Updated Sep 9, 2024
Unknown Buyer Acquires Property At 1712 Pacific Coast Hwy Lomita For $2.4 Million
1712 Pacific Coast Hwy, Lomita, CA, 9...
$2,400,000
Building Size
—
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property involved in this transaction is located at 1712 Pacific Coast Hwy, Lomita, CA. It was sold for a total price of $2,400,000.00, and the square footage is recorded as 0. The market for this property is identified as Lomita.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $2,400,000.00
- Address: 1712 Pacific Coast Hwy, Lomita, CA
- Market: Lomita
- Seller's Representative: Matthew "Matt" Schwartz, Newmark
- Buyer: Unknown
- Seller: Not disclosed
Matthew "Matt" Schwartz from Newmark represented the seller in this transaction, facilitating the sale process. The identity of the buyer remains undisclosed, and the seller's information is also not provided.
On the Map
$2,400,000
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Players
Lomita CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93