Updated Oct 29, 2024
Carmel Partners Acquires Mixed-use Development In Los Feliz For $13.3M
4645 Maubert Avenue, Los Angeles, CA 90027, USA
$13,333,000
$400/SF
Building Size
33,295 SF
Asset Type
Mixed-use
Closing
Nov 12, 2018
About this deal
AI
Arin Gharibian, Jordan Petito and Roy Harel from 3Ten Capital Group facilitated the sale of a mixed-use development in Los Feliz. The property, located at 4629-4645 Maubert Avenue, spans a total of 33,295 square feet. The sale took place on November 13, 2018, with a sale price of $13,333,000, equating to a price per square foot of $400. The asset is situated in the vibrant market of Los Feliz.
Summary of transaction details
- Property Type: Mixed-use Development
- Transaction Amount: $13,333,000
- Square Footage: 33,295
- Price per Square Foot: $400
- Address: 4629-4645 Maubert Avenue
- Market: Los Feliz
Carmel Partners successfully acquired the property from the seller. The deal was brokered by Arin Gharibian, Jordan Petito, and Roy Harel from 3Ten Capital Group. This transaction represents a significant opportunity for the development of a zoned 150-unit project in prime Los Feliz.
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
1.19%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93