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5620 Sawtelle Boulevard, Cu...

Sawtelle 26 Properties Acquires Mixed-use Property In Culver City For $2.96M With Buyer's Rep Sep Melamed
SOLDMixed-use

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

Jennifer Moscoso

WESTMAC Commercial Brokerage Company

Broker

$241.9M

vol

30 deals

Broker
FT
Family TrustSeller

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