Mixed-Use Property In South LA Sold For $720K With Julian Bloch, Andres Diaz, Daniel Shon Representing The Deal

A mixed-use property located at 10908 S Figueroa St in the South LA market has recently been sold for a price of $720,000. The property encompasses a total area of 2,815 square feet and consists of 5 units. The sale price per square foot is calculated to be $255.77, while the price per unit amounts to $144,000. The property's capitalization rate is reported to be 6.84%, and the gross rent multiplier stands at 9.38.

Summary of Transaction Details:

• Property Type: Mixed-Use
• Transaction Amount: $720,000
• Square Footage: 2,815
• Price Per Square Foot: $255.77
• Number of Units: 5
• Price Per Unit: $144,000
• Capitalization Rate: 6.84%
• Gross Rent Multiplier: 9.38

The sale of this mixed-use property was facilitated by Julian Bloch, Andres Diaz, and Daniel Shon from Kingside Group. The brokers played a pivotal role in the transaction, representing the parties involved in the deal and ensuring its successful completion.