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1730 S Sepulveda Blvd, West...

Hamid Banafsheha Acquires Mixed-Use Property In West LA For $3.4M
SOLDMixed-use

Hamid Banafsheha Acquires Mixed-Use Property In West LA For $3.4M

1730 S Sepulveda Blvd, West LA, Los Angeles, CA, USA

$3,400,000

$671/SF

Building Size

5,067 SF

Asset Type

Mixed-use

Closing

Sep 18, 2019

AI

The mixed-use property located at 1730 S Sepulveda Blvd in West LA has been sold for a price of $3,400,000. The transaction took place on 09/19/2019. The property spans across 5,067 square feet, resulting in a price per square foot of $671.01. The buyer of the property is Hamid Banafsheha, while the seller is the Nabet Family. Patrick Sheekey, from an undisclosed agency, represented both parties in the deal.

Summary of transation details

  • Property Type: Mixed-Use
  • Transaction Amount: $3,400,000
  • Property Address: 1730 S Sepulveda Blvd
  • Market: West LA
  • Buyer: Hamid Banafsheha
  • Seller: Nabet Family
  • Broker: Patrick Sheekey - Unspecified Agency
  • Square Footage: 5,067
  • Price Per Square Foot: $671.01

Hamid Banafsheha successfully acquired the mixed-use property located at 1730 S Sepulveda Blvd in West LA. The transaction was facilitated by Patrick Sheekey, a broker from an undisclosed agency, who represented both the buyer and seller in the deal. This sale presents a favorable investment opportunity in the West LA market.

Players

J. Patrick Sheekey

Highland Partners

Broker

$30.9M

vol

6 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

4.67%

Cash-on-Cash

-1.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93