Calogero Mortin Purchases Mixed-use Property At 116 South Market Street Inglewood For $2.5M
116 South Market Street
$2,500,000
$460/SF
Building Size
5,431 SF
Asset Type
Mixed-use
Closing
May 13, 2026
AI
116 South Market Street is a mixed-use property located in Inglewood, California, with a sale price of $2,500,000. The property encompasses a total of 5,431 square feet and is situated in an area recognized for its interesting and sought-after corridors.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,500,000
- Address: 116 South Market Street, Inglewood, CA 90301
- Square Footage: 5,431
- Price Per Square Foot: $460
- Buyer: Calogero Mortin
- Seller: Jonathan Tilsman
- Broker: Elijah Suval - Capital Bridge Real Estate Advisors
Elijah Suval of Capital Bridge Real Estate Advisors effectively represented both Calogero Mortin and Jonathan Tilsman in this transaction. He was able to generate interest from multiple parties prior to market entry and achieved a sale at 100% of the list price within 45 days of signing the listing agreement.
Inglewood 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93