John Makhani Purchases Mixed-Use Property At 1139 Glendon Avenue Los Angeles For $6.2M
1139 Glendon Avenue
$6,200,000
$562/SF
Building Size
11,019 SF
Asset Type
Mixed-use
Closing
Apr 21, 2026
AI
A mixed-use asset located at 1139 Glendon Avenue in Los Angeles has been sold. The sale was finalized for $6,200,000, with a total square footage of 11,019, resulting in a price per square foot of $562.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $6,200,000
- Address: 1139 Glendon Avenue
- Market: Los Angeles
- Square Footage: 11,019
- Price Per Square Foot: $562
- Buyer: John Makhani
- Buyer's Representative: Lorena Tomb - Urbanlime Real Estate
- Seller's Representatives: T.C. Macker & Woody Cook - WESTMAC Commercial Brokerage Company
The transaction involved key representatives in the field, with Lorena Tomb representing the buyer, John Makhani. The seller was represented by the brokerage team of T.C. Macker and Woody Cook from WESTMAC Commercial Brokerage Company.
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
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93