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3123 West Sunset Boulevard

RYDA Ventures Acquires Mixed-Use Property From Steve Edelson & Sonny Rouel For $4.2 Million
SOLDMixed-use

RYDA Ventures Acquires Mixed-Use Property From Steve Edelson & Sonny Rouel For $4.2 Million

3123 West Sunset Boulevard

$4,200,000

$460/SF

Building Size

9,127 SF

Asset Type

Mixed-use

Closing

Dec 30, 2024

AI

A mixed-use commercial and residential property located at 3123 West Sunset Boulevard, Los Angeles was sold for $4,200,000. The property encompasses a total area of 9,127 square feet, resulting in a price per square foot of $460.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $4,200,000
  • Address: 3123 West Sunset Boulevard
  • Market: Los Angeles
  • Buyer: RYDA Ventures
  • Seller: Steve Edelson & Sonny Rouel
  • Broker: Lorena Tomb - Urbanlime Real Estate

The transaction was facilitated by broker Lorena Tomb from Urbanlime Real Estate, who represented the interests of the seller in this deal. The property was set to hit the market but went under contract before officially listing.

Players

Lorena Tomb

Urbanlime Real Estate

Broker

$45.9M

vol

11 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

3.78%

Cash-on-Cash

-1.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93