Sawtelle 26 Properties Acquires Mixed-use Property In Culver City For $2.96M With Buyer's Rep Sep Melamed
5620 Sawtelle Boulevard, Culver City, CA, USA
$2,960,000
$593/SF
Building Size
4,991 SF
Asset Type
Mixed-use
Closing
Jan 28, 2021
AI
The mixed-use property located at 5620-5622 Sawtelle Blvd in Culver City has been sold for a price of $2,960,000. The transaction took place on 01/29/2021. The property spans 4,991 square feet, resulting in a price per square foot of $593.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,960,000
- Address: 5620-5622 Sawtelle Blvd, Culver City
- Date: 01/29/2021
- Market: Culver City
Sawtelle 26 Properties is identified as the buyer, while the Barbara Mizrahi Family Trust served as the seller. The buyer was represented by Sep Melamed from Prime Properties, and the seller was represented by T.C. Macker, Chris Holland, and Jennifer Moscoso from WESTMAC Commercial Brokerage Company.
Please note that no additional information was provided regarding the specific characteristics or features of the property.
Players
Culver City 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
5.36%
Cash-on-Cash
-1.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93