Updated Sep 9, 2024
Terry Harris & Tobias Harris Acquire Mixed-use Property On Sunset Boulevard In Los Angeles For $2.4M
1230 Sunset Blvd Los Angeles, CA 90026, USA
$2,400,000
$633/SF
Building Size
3,786 SF
Asset Type
Mixed-use
Closing
Aug 16, 2023
About this deal
AI
The property at 1230 Sunset Boulevard in Los Angeles has been sold in a mixed-use transaction. The sale, which occurred on 08/16/2023, involved a property with a total square footage of 3,786. The transaction was brokered by Luc Hawkshaw and Eric Mandell from Ally Commercial Real Estate, representing the seller, Michael Cadava. The buyer of the property is Terry Harris and Tobias Harris.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,400,000
- Square Footage: 3,786
- Price per Square Foot: $634
- Address: 1230 Sunset Boulevard, Los Angeles
- Market: Los Angeles
Terry Harris and Tobias Harris were the purchasers of the property, while Michael Cadava acted as the seller. The deal was facilitated by the broker representatives, Luc Hawkshaw and Eric Mandell, from Ally Commercial Real Estate.
On the Map
$2,400,000
$633/SF
Mixed-use
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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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93