Updated Dec 21, 2023
Floyd Shaheen & Ron Kim - Major Properties Sell Pico Union Property For $1.575M
1882 W Washington Blvd, Pico Union, Los Angeles, CA, USA
$1,575,000
$216/SF
Building Size
7,280 SF
Asset Type
Mixed-use
Closing
Mar 12, 2019
About this deal
AI
Located at 1882 W Washington Blvd in Pico Union, a commercial property was recently sold for $1,575,000 on 03/13/2019. The property spans across 7,280 square feet, resulting in a price per square foot of $216.
Summary of transaction details
- Property Type: Sale
- Transaction Amount: $1,575,000
- Property Size: 7,280 square feet
- Price Per Square Foot: $216
- Address: 1882 W Washington Blvd
- Market: Pico Union
The sale was managed by Floyd Shaheen from Lab & Wagon, Floyd Group CRE, Emily Shiky, and Ron Kim from Major Properties.
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
10.07%
Cash-on-Cash
-2.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93