Steven Lanspring Acquires Mixed-Use Property In Highland Park For $1.17M
5918 York Boulevard, Los Angeles, California 90042, United States
$1,170,000
$375/SF
Building Size
3,118 SF
Asset Type
Mixed-use
Closing
May 30, 2022
AI
A mixed-use property located at 5918 York Blvd. in Highland Park has been recently sold for a total of $1,170,000. The property spans across 3,118 square feet, resulting in a price per square foot of $375. The transaction took place on May 31, 2022.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $1,170,000
- Address: 5918 York Blvd.
- Market: Highland Park
- Square Footage: 3,118
- Buyer: Mr. Steven Lanspring
- Seller: Mr. Jorge Calderon & Mrs. Lilian Calderon
- Buyer’s Rep: Earle Hyman - Marcus & Millichap
- Seller’s Rep: Martin Agnew, Klyvia Iha & Ryan Serling - Agnew-Serling Group
The buyer, Mr. Steven Lanspring, was represented by Earle Hyman from Marcus & Millichap, while the seller, Mr. Jorge Calderon and Mrs. Lilian Calderon, worked with Martin Agnew, Klyvia Iha, and Ryan Serling from the Agnew-Serling Group. The transaction showcases the collaboration between these key individuals and companies in the deal.
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
13.56%
Cash-on-Cash
-3.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93