Lorin Caccamise Sells Mixed-Use Property In Los Angeles For $3.02M
SOLD
$3,025,000
California
See Similar DealsMixed-use12,324 SF
Sold 01/31/2024
SOLD
Lorin Caccamise Sells Mixed-Use Property In Los Angeles For $3.02M
10956 West Pico Boulevard & 10960 West Pico Boulevard
See Similar DealsMixed-use12,324 SF
Sold 01/31/2024
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$245
Total Square Footage:12,324 SF
Transaction Type:Sale
A mixed-use property located at 10956-10960 West Pico Boulevard in Los Angeles has been sold for a total price of $3,025,000. The property spans a total of 6,162 square feet, resulting in a price per square foot of $491.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,025,000
- Square Footage: 6,162
- Price Per Square Foot: $491
- Address: 10956-10960 West Pico Boulevard, Los Angeles
- Market: Los Angeles
The seller of the property is Lorin Caccamise. Andrew Leff from The CREM Group represented the seller as the broker in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$161,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,747.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,340.04
Annual Debt Service$172,080.52
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