JGR MAR VISTA LLC Acquires Mixed-use Property From BEHROUZ KHODAYARI And FARIDEH KHODAYARI For $2.35M
12034 Venice Blvd
$2,350,000
$734/SF
Building Size
3,199 SF
Asset Type
Mixed-use
Closing
Jan 31, 2023
AI
This mixed-use property located at 12034 Venice Blvd in Los Angeles was sold for $2,350,000.00. The asset encompasses a total square footage of 3199.0 and has been a part of the local real estate market.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,350,000.00
- Address: 12034 Venice Blvd
- Market: Los Angeles
- Square Footage: 3199.0
- Buyer: JGR MAR VISTA LLC
- Seller: Behrouz Khodayari, Farideh Khodayari
- Broker Representatives: Jordan Rubinstein - Century Park Realty, Oron Maher, Jeremy Shore
The transaction involved key players such as the buyer JGR MAR VISTA LLC and seller Behrouz Khodayari along with Farideh Khodayari, who facilitated the deal through their respective brokers, Jordan Rubinstein of Century Park Realty, Oron Maher, and Jeremy Shore.
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
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93