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3937 East Cesar E Chavez Av...

Peter Galindo Of Galindo Trust Sells Mixed-Use Property In Los Angeles For $3.075M
SOLDMixed-use

Peter Galindo Of Galindo Trust Sells Mixed-Use Property In Los Angeles For $3.075M

3937 East Cesar E Chavez Avenue & 3949 E Cesar E Chavez Avenue

$3,075,000

$112/SF

Building Size

27,448 SF

Asset Type

Mixed-use

Closing

May 20, 2024

AI

The property involved in this transaction is a mixed-use asset located at 3937-3949 E Cesar E Chavez Avenue in Los Angeles. The sale price of the property was $3,075,000, and it encompasses a total square footage of 13,724, with a price per square foot of $224.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $3,075,000
  • Address: 3937-3949 E Cesar E Chavez Avenue
  • Market: Los Angeles
  • Seller: Peter Galindo - Galindo Trust
  • Broker Representatives: Andrew Leff & Mark Cianciulli - The CREM Group
  • Square Footage: 13,724
  • Price per Square Foot: $224

The deal was facilitated by brokers Andrew Leff and Mark Cianciulli from The CREM Group, representing the seller, Peter Galindo of the Galindo Trust. The transaction showcases the involvement of these key individuals who played critical roles in the successful completion of the sale.

Players

Andrew Leff

The CREM Group

Broker

$100.9M

vol

27 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

5.16%

Cash-on-Cash

-1.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93