Updated Jan 21, 2025
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
About this deal
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.
On the Map
$4,200,000
$460/SF
Mixed-use
View full map
Los Angeles Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Visit Lorena Tomb to view all their deals.
Browse Los Angeles mixed use sales on Traded.
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