Updated Oct 29, 2024
Richard J. Stall Jr. Trust Sells Mixed-Use Property On Pico Blvd. In Los Angeles For $3.45M
10507 West Pico Boulevard, Los Angeles, CA, USA
$3,450,000
$597/SF
Building Size
5,772 SF
Asset Type
Mixed-use
Closing
Feb 1, 2021
About this deal
AI
The mixed-use property located at 10507-10511 W. Pico Blvd. in Los Angeles has been sold for a transaction amount of $3,450,000. The property spans across 5,772 square feet and was sold at a rate of $597 per square foot.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,450,000
- Square Footage: 5,772 sqft
- Address: 10507-10511 W. Pico Blvd., Los Angeles
- Market: Los Angeles
The property was sold by The Richard J. Stall Jr. Trust. The deal was facilitated by T.C. Macker and Jennifer Moscoso of WESTMAC Commercial Brokerage Company, who represented the seller.
Players
Los Angeles Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.60%
Cash-on-Cash
-1.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93