Boyle Heights Bar LLC Acquires Mixed-Use Property On Whittier Blvd For $1.1M
3717 Whittier Boulevard, Los Angeles, CA 90023, USA
$1,100,000
$206/SF
Building Size
5,329 SF
Asset Type
Mixed-use
Closing
Feb 26, 2019
AI
A mixed-use property located at 3717-3721 Whittier Blvd in Boyle Heights has recently sold for $1.1 million. The property spans across 5,329 square feet, resulting in a price per square foot of $206. The sale included a bar with a Type 40 License and four apartments.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $1.1 million
- Square Footage: 5,329
- Price per Square Foot: $206
- Market: Boyle Heights
The buyer of this property was Boyle Heights Bar LLC, while the seller was Jose Olmos. The deal was facilitated by brokers Jovan Padilla and TC Macker of Westmac Commercial Brokerage Company.
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93