Updated Jan 24, 2025
Mike Enayati Of MBB Partners Acquires Mixed-Use Property From Tom Dawson For $455,000 In Los Angeles
6310 South Broadway
$455,000
$439/SF
Building Size
1,036 SF
Asset Type
Mixed-use
Closing
Jan 21, 2025
About this deal
AI
The property is a mixed-use asset located at 6310 South Broadway in the Los Angeles market. The sale price of the property was $455,000, and it consists of 2 units with a total square footage of 1,036. The price per unit was $227,500, and the price per square foot is $439.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $455,000
- Buyer: Mike Enayati - MBB Partners
- Seller: Tom Dawson
- Broker: Chandler Rockwell - The Rockwell Group
Chandler Rockwell represented both parties in this transaction, facilitating the agreement between Mike Enayati and Tom Dawson for the sale of the mixed-use property.
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
34.86%
Cash-on-Cash
-9.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93