CBRE Sells Mixed-Use Property On Washington Boulevard In Los Angeles For $29.25M
SOLD
$29,250,000
California
See Similar DealsMixed-use43,385 SF
Sold 08/28/2023
SOLD
CBRE Sells Mixed-Use Property On Washington Boulevard In Los Angeles For $29.25M
11955 Washington Blvd Los Angeles, CA 90066, USA
See Similar DealsMixed-use43,385 SF
Sold 08/28/2023
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$674
Total Square Footage:43,385 SF
Transaction Type:Sale
This mixed-use property located at 11955 Washington Boulevard in Los Angeles has been sold for a recorded price of $29,250,000. The asset spans a total area of 43,385 square feet, resulting in a price per square foot of $674.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $29,250,000
- Address: 11955 Washington Boulevard
- Market: Los Angeles
- BROKERS: Eric Chen & Joyce Goldstein - CBRE
Represented by Eric Chen and Joyce Goldstein of CBRE, this transaction showcases their expertise in facilitating successful property sales. Their knowledge of the mixed-use market in Los Angeles played a key role in securing a favorable deal for both the buyer and seller.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,560,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$103,919.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$138,659.92
Annual Debt Service$1,663,919.07
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