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6732 North Figueroa Street,...

Elizabeth Clark And Kris Lowry Of Compass Commercial Sell Mixed-Use Property In Highland Park For $1.8M
SOLDMixed-use

Elizabeth Clark And Kris Lowry Of Compass Commercial Sell Mixed-Use Property In Highland Park For $1.8M

6732 North Figueroa Street, Highland Park, Los Angeles, CA, USA

$1,800,000

$238/SF

Building Size

7,558 SF

Asset Type

Mixed-use

Closing

Feb 13, 2020

AI

A mixed-use property located at 6726 N Figueroa Street and 6732 N Figueroa Street in Highland Park has been sold for $1,800,000. The property spans over 7,558 square feet, resulting in a price per square foot of $238.16. The sale was facilitated by brokers Elizabeth Clark and Kris Lowry from Compass Commercial. Sold with multiple offers, the transaction concluded on February 14, 2020.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $1,800,000
  • Address: 6726 N Figueroa Street, 6732 N Figueroa Street
  • Market: Highland Park
  • Square Footage: 7,558
  • Price Per Square Foot: $238.16
  • Buyer: Edit Keshishyan
  • Seller: David Ferris
  • Brokers: Elizabeth Clark, Kris Lowry - Compass Commercial

The transaction of this mixed-use property was successfully finalized with the involvement of Buyer Edit Keshishyan, Seller David Ferris, and brokers Elizabeth Clark and Kris Lowry from Compass Commercial. The property garnered multiple offers.

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

8.81%

Cash-on-Cash

-2.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93