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4865 W Washington Blvd, Mid...

Apollo Advisors Group Acquires Mixed-Use Property In Mid-City For $1.8M
SOLDMixed-use

Apollo Advisors Group Acquires Mixed-Use Property In Mid-City For $1.8M

4865 W Washington Blvd, Mid City, Los Angeles, CA, USA

$1,800,000

$434/SF

Building Size

4,147 SF

Asset Type

Mixed-use

Closing

Feb 28, 2021

AI

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

Emily Shikhvarger

Marcus & Millichap

Broker

$21.7M

vol

10 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

8.81%

Cash-on-Cash

-2.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93