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VT 1207 LLC Acquires Mixed-Use Property On Cypress Ave For $3M

Property Image
SOLD
$3,000,000

California

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Mixed-use9,635 SF
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SOLD

VT 1207 LLC Acquires Mixed-Use Property On Cypress Ave For $3M

Parking Lot, 1207 Cypress Ave, Cypress Park, Los Angeles, CA, USA

See Similar Deals
Mixed-use9,635 SF
Sold
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Summary

CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$311
Total Square Footage:9635 SF
Transaction Type:Sale

Located in Cypress Park/Glassell Park, this closed transaction involved a mixed-use property at 1207 Cypress Ave. The property spans over 9,635 square feet and was sold for a total price of $3,000,000, resulting in a price per square foot of $311.36. The buyer, VT 1207 LLC, acquired the property from the seller, Felix Family. The transaction was facilitated by brokers Patrick Dilanian and Eric Dilanian.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $3,000,000
  • Address: 1207 Cypress Ave
  • Market: Cypress Park/Glassell Park

The deal was successfully closed on 07/02/2019, and the property is now under the ownership of VT 1207 LLC. Patrick Dilanian and Eric Dilanian served as the brokers for this transaction, representing the respective parties involved in the deal.

Players

Eric Dilanian
6 deals$11.8M volume
BROKER

Patrick Dilanian
Re/Max
2 deals$4.4M volume
BROKER

Details

SOLD
IMAGE: Patrick Dilanian & Eric Dilanian DATE: 07/02/2019 ADDRESS: 1207 Cypress Ave MARKET: Cypress Park/Glassell Park ASSET TYPE: Mixed-Use BUYER: VT 1207 LLC SELLER: Felix Family BROKERS: Patrick Dilanian, Eric Dilanian PRICE: $3,000,000 SF: 9,635 ~ PPSF: $311.36

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$160,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
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