CBRE Sells Mixed-Use Property On Washington Boulevard In Los Angeles For $29.25M
11955 Washington Blvd Los Angeles, CA 90066, USA
$29,250,000
$674/SF
Building Size
43,385 SF
Asset Type
Mixed-use
Closing
Aug 28, 2023
AI
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.
Players
Market 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
0.54%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93