Dustin Lancaster, Tyler Bell & Kris Gillespie Acquire Mixed-use Property On Silver Lake Boulevard For $3.72M
1637 Silver Lake Blvd Los Angeles, CA 90026, USA
$3,720,000
$731/SF
Building Size
5,087 SF
Asset Type
Mixed-use
Closing
Apr 24, 2023
AI
The mixed-use property located at 1637-1639 Silver Lake Boulevard in the Silver Lake market has been sold for $3,720,000. The property spans 5,087 square feet, resulting in a price per square foot of $731.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,720,000
- Address: 1637-1639 Silver Lake Boulevard
- Market: Silver Lake
- Square Footage: 5,087
- Price per Square Foot: $731
The buyer of the property is Dustin Lancaster, Tyler Bell, and Kris Gillespie, represented by Andrew Leff of The CREM Group. The seller is The Estate Of Stephanie Fitzpatrick, represented by Mark Cianciulli, also from The CREM Group.
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
4.26%
Cash-on-Cash
-1.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93