Floyd Shaheen & Emily Shikhvarger Sell Industrial Property In Los Angeles For $1.67M
SOLD
California
See Similar DealsIndustrial5,200 SF
Sold 12/31/2020
SOLD
Floyd Shaheen & Emily Shikhvarger Sell Industrial Property In Los Angeles For $1.67M
1407 Esperanza Street, Los Angeles, CA, USA
See Similar DealsIndustrial5,200 SF
Sold 12/31/2020
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$321
Total Square Footage:5,200 SF
Transaction Type:Sale
1407-1411 Esperanza St in Los Angeles was recently sold in a closed transaction. The industrial property, spanning 5,200 square feet, was sold for a price of $1,670,000, resulting in a price per square foot of $321.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $1,670,000
- Square Footage: 5,200
- Price per Square Foot: $321
- Address: 1407-1411 Esperanza St, Los Angeles
- Market: Los Angeles
The buyer's representative in this transaction was Johnny Cho from CPGI, while the seller's representatives were Floyd Shaheen and Emily Shikhvarger from Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$89,066.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,933.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,916.65
Annual Debt Service$94,999.82
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