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Ed Gray Acquires Industrial Property At 1936 Mateo Street From Deon Estus For $4.96M

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SOLD
$4,956,489

California

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Industrial25,476 SF
Sold 09/12/2025
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Property Image
SOLD

Ed Gray Acquires Industrial Property At 1936 Mateo Street From Deon Estus For $4.96M

1936 Mateo Street

See Similar Deals
Industrial25,476 SF
Sold 09/12/2025
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$194
Total Square Footage:25,476 SF
Transaction Type:Sale

The property asset involved in this transaction is located at 1936 Mateo Street in the Los Angeles market. It is an industrial asset with an area of 25,476 square feet and a sale price of $4,956,489, translating to a price per square foot of $194. The asset features a two-story warehouse with a gated parking lot and was in shell condition at the time of sale. It was sold to a local owner/user.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $4,956,489
  • Address: 1936 Mateo Street
  • Market: Los Angeles
  • Square Footage: 25,476
  • Price per Square Foot: $194
  • Buyer: Ed Gray
  • Seller: Deon (Dee) Estus
  • Brokers: Jake Zacuto & Sammy Santana - Zacuto Group

The deal was facilitated by Jake Zacuto and Sammy Santana who represented the seller, Deon (Dee) Estus. Zacuto Group successfully executed the sale of this rare Downtown Los Angeles industrial asset, highlighting their involvement in the local real estate market.

Players

Jake Zacuto
59 deals$368.6M volume(310) 469-9012
BROKER

Sammy Santana
Zacuto Group
3 deals$16.8M volume(424) 405-3843
BROKER

Zacuto Group
BROKERAGE

Details

SOLD
IMAGE: Jake Zacuto & Sammy Santana DATE: 09/12/2025 ADDRESS: 1936 Mateo Street MARKET: Los Angeles ASSET TYPE: Industrial BUYER: Ed Gray SELLER: Deon (Dee) Estus BROKERS: Jake Zacuto (@JakeZacuto) & Sammy Santana (@SammybSantana) - Zacuto Group (@ZacutoGroup) SALE PRICE: $4,956,489 SF: 25,476 ~ PPSF: $194 NOTE FROM BROKER: Zacuto Group has successfully executed a sale (representing the seller) of a rare Downtown Los Angeles Industrial asset. The subject property consisted of a 2 story warehouse with a gated parking lot. The property was in shell condition and sold to a local owner/user.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$264,346.09

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,609.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,496.29
Annual Debt Service$281,955.44