Terry Harris & Tobias Harris Acquire Mixed-use Property On Sunset Boulevard In Los Angeles For $2.4M
SOLD
$2,400,000
California
See Similar DealsMixed-use3,786 SF
Sold 08/16/2023
SOLD
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
See Similar DealsMixed-use3,786 SF
Sold 08/16/2023
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$633
Total Square Footage:3,786 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$127,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69
Is there something missing? Send suggestions