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11955 Washington Blvd Los A...

CBRE Sells Mixed-Use Property On Washington Boulevard In Los Angeles For $29.25M
SOLDMixed-use

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

Eric Chen

CBRE

Broker

$886.6M

vol

108 deals

Broker

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