DAUM Commercial Real Estate Services Brokers $11.6M Sale Of Mixed-use Property In Downtown Los Angeles
SOLD
$11,600,000
California
See Similar DealsMixed-use13,800 SF
Sold 07/13/2022
SOLD
DAUM Commercial Real Estate Services Brokers $11.6M Sale Of Mixed-use Property In Downtown Los Angeles
608 Mateo Street, Los Angeles, California 90021, United States
See Similar DealsMixed-use13,800 SF
Sold 07/13/2022
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$840
Total Square Footage:13,800 SF
Transaction Type:Sale
The mixed-use property located at 608 Mateo St. in Downtown Los Angeles has been sold for a total of $11,600,000. The property spans 13,800 square feet, resulting in a price per square foot of $840. The transaction took place on July 13, 2022.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $11,600,000
- Square Footage: 13,800
- Price per Square Foot: $840
The sale was facilitated by brokers David Muir and Carlos Castillo from DAUM Commercial Real Estate Services.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$618,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$41,212.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,989.92
Annual Debt Service$659,879.02
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