Mike Enayati Of MBB Partners Acquires Mixed-Use Property From Tom Dawson For $455,000 In Los Angeles
SOLD
$455,000
California
See Similar DealsMixed-use1,036 SF
Sold 01/21/2025
SOLD
Mike Enayati Of MBB Partners Acquires Mixed-Use Property From Tom Dawson For $455,000 In Los Angeles
6310 South Broadway
See Similar DealsMixed-use1,036 SF
Sold 01/21/2025
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$439
Total Square Footage:1,036 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$24,266.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$1,616.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$2,156.93
Annual Debt Service$25,883.19
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