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Dustin Lancaster, Tyler Bell & Kris Gillespie Acquire Mixed-use Property On Silver Lake Boulevard For $3.72M

Property Image
SOLD
$3,720,000
Andrew Leff
Mark Cianciulli

California

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Mixed-use5,087 SF
Sold 04/24/2023
the dealplayerscompscontact
Property Image
SOLD

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

See Similar Deals
Mixed-use5,087 SF
Sold 04/24/2023
Andrew Leff
Mark Cianciulli
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$731
Total Square Footage:5,087 SF
Transaction Type:Sale

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

Andrew Leff
The CREM Group
Andrew Leff
27 deals$100.9M volume
BROKER
Mark Cianciulli
The CREM Group
Mark Cianciulli
5 deals$11.7M volume(323) 208-9512
BROKER
To
The Estate of
SELLER

Details

SOLD
IMAGE: Andrew Leff & Mark Cianciulli DATE: 04/24/2023 ADDRESS: 1637-1639 Silver Lake Boulevard MARKET: Silver Lake ASSET TYPE: Mixed-use BUYER: Dustin Lancaster, Tyler Bell & Kris Gillespie SELLER: The Estate Of Stephanie Fitzpatrick BUYER'S REP: Andrew Leff (@Aleff5212) - The CREM Group SELLER'S REP: Mark Cianciulli (@Thecremgroup) - The CREM Group SALE PRICE: $3,720,000 SF: 5,087 ~ PPSF: $731

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

$198,400.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,216.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,634.70
Annual Debt Service$211,616.37