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1230 Sunset Blvd Los Angele...

Terry Harris & Tobias Harris Acquire Mixed-use Property On Sunset Boulevard In Los Angeles For $2.4M
SOLDMixed-use

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

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.

Players

Luc Hawkshaw

Ally Commercial Real Estate

Broker

$150M

vol

25 deals

Broker

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