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
$11,600,000
$840/SF
Building Size
13,800 SF
Asset Type
Mixed-use
Closing
Jul 12, 2022
AI
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.
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
1.37%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93