Mixed-Use Property In South LA Sold For $720K With Julian Bloch, Andres Diaz, Daniel Shon Representing The Deal
10908 South Figueroa Street
2,815 SF
Summary
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.
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