Apollo Advisors Group Acquires Mixed-Use Property In Mid-City For $1.8M
SOLD
$1,800,000
+ 1
California
See Similar DealsMixed-use4,147 SF
Sold 03/01/2021
SOLD
Apollo Advisors Group Acquires Mixed-Use Property In Mid-City For $1.8M
4865 W Washington Blvd, Mid City, Los Angeles, CA, USA
See Similar DealsMixed-use4,147 SF
Sold 03/01/2021
+ 1
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$434
Total Square Footage:4,147 SF
Transaction Type:Sale
The mixed-use property located at 4865-4869 W. Washington Blvd. in the Mid-City market has been sold for a price of $1,800,000. The property spans across 4,147 square feet, resulting in a price per square foot of $434. The transaction took place on March 1, 2021.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,800,000
Rafael Lopez and Dan Lewin from Apollo Advisors Group represented the buyer in the deal, while Floyd Shaheen and Emily Shikhvarger were the seller's representatives.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$96,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02
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