Joseph Golshan Acquires Mixed-Use Property In Boyle Heights For $1.05M
2528 East 1st Street, Los Angeles, California 90033, United States
$1,050,000
$323/SF
Building Size
3,244 SF
Asset Type
Mixed-use
Closing
Jun 26, 2022
AI
The mixed-use property located at 2528 1st St. in Boyle Heights has been sold in a recent transaction. The property spans 3,244 square feet and was sold for a price of $1,050,000, resulting in a price per square foot of $323. The sale took place on June 27, 2022.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,050,000
- Square Footage: 3,244
- Address: 2528 1st St.
- Market: Boyle Heights
The buyer of the property is Joseph Golshan, while the sellers are Hoa Dinh and Rosemary Dinh. The transaction was facilitated by the brokerage firm Kidder Mathews, with Darin Spillman serving as the representative for the buyer. Darin Spillman, from Kidder Mathews, represented Joseph Golshan throughout the deal.
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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93