Boyle Heights Bar LLC Acquires Mixed-Use Property On Whittier Blvd For $1.1M
SOLD
California
See Similar DealsMixed-use5,329 SF
Sold 02/27/2019
SOLD
Boyle Heights Bar LLC Acquires Mixed-Use Property On Whittier Blvd For $1.1M
3717 Whittier Boulevard, Los Angeles, CA 90023, USA
See Similar DealsMixed-use5,329 SF
Sold 02/27/2019
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$206
Total Square Footage:5,329 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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