Updated Sep 9, 2024
Petros Taglyan Acquires Mixed-Use Property In Los Angeles For $4.1M
5220 Santa Monica Blvd Los Angeles, CA 90029, USA
$4,100,000
$259/SF
Building Size
15,816 SF
Asset Type
Mixed-use
Closing
Apr 1, 2023
About this deal
AI
The mixed-use property located at 5220 Santa Monica Boulevard in Los Angeles has been sold. The transaction took place on April 1, 2023, with a sale price of $4,100,000. The property spans across 15,816 square feet, resulting in a price per square foot of $259.
Summary of transaction details:
- Property Type: Mixed Use
- Transaction Amount: $4,100,000
- Square Footage: 15,816
Petros Taglyan purchased the property from Adrianne Steiger. The deal was facilitated by brokers Matthew Luchs and Brandon Michaels from the Brandon Michaels Group.
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
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93