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2528 East 1st Street, Los A...

Joseph Golshan Acquires Mixed-Use Property In Boyle Heights For $1.05M
SOLDMixed-use

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

Darin Spillman

Kidder Mathews

Broker

$55.2M

vol

15 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

15.11%

Cash-on-Cash

-4.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93