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6701 North Figueroa Street,...

Swick Family Trust Acquires Mixed-Use Property In Los Angeles For $1.45M
SOLDMixed-use

Swick Family Trust Acquires Mixed-Use Property In Los Angeles For $1.45M

6701 North Figueroa Street, Los Angeles, CA, USA

$1,445,000

$272/SF

Building Size

5,297 SF

Asset Type

Mixed-use

Closing

Nov 19, 2020

AI

The mixed-use property located at 6701 N. Figueroa in Los Angeles has recently been sold for a price of $1,445,000. The transaction took place on November 20, 2020, with the buyer being The Swick Family Trust and the seller identified as David Ferris. The property spans 5,297 square feet and has a price per square foot of $272. The sale was facilitated by brokers Elizabeth Clark and Kris Lowry.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $1,445,000
  • Address: 6701 N. Figueroa, Los Angeles
  • Market: Los Angeles
  • Square Footage: 5,297
  • Price per Square Foot: $272
  • Buyer: The Swick Family Trust
  • Seller: David Ferris
  • Brokers: Elizabeth Clark and Kris Lowry

The Swick Family Trust acquired the property from David Ferris in this transaction. Elizabeth Clark and Kris Lowry acted as the brokers facilitating the deal. The property's mixed-use nature makes it a versatile investment opportunity in the vibrant market of Los Angeles.

Players

Kristopher Lowry

Compass

Broker

$11.9M

vol

5 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

David Ferris

Seller

$3.2M

vol

2 deals

Seller

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

10.98%

Cash-on-Cash

-3.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93