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
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