Ryan Serling & Martin Agnew Sell Mixed-Use Property On W. 47th St. In Downtown Los Angeles For $3.2M
806 W 47th St, Los Angeles, CA, USA
$3,225,000
$227/SF
Building Size
14,202 SF
Asset Type
Mixed-use
Closing
Jan 25, 2021
AI
The mixed-use property located at 806 W. 47th St. in Downtown Los Angeles has been sold for a price of $3,225,000. The property spans a total area of 14,202 square feet, resulting in a price per square foot of $227. The transaction took place on January 26, 2021. The sellers of the property were Joel Tucker and Martin Agnew, who represented 2807 West Sunset LLC. The buyer's representative in the deal was Andrea Dunlop. On the other hand, the seller's representatives were Ryan Serling and Martin Agnew.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $3,225,000
- Address: 806 W. 47th St.
- Market: Downtown Los Angeles
- USF: 14,202 square feet
- PPSF: $227
- Seller: Joel Tucker & Martin Agnew - 2807 West Sunset LLC
- Buyer's Representative: Andrea Dunlop
- Seller's Representatives: Ryan Serling & Martin Agnew
Ryan Serling and Martin Agnew, along with their respective agencies, played a key role in representing the sellers in the transaction. Although no additional details were provided, the involvement of these individuals showcases their expertise in real estate deals and their ability to successfully facilitate property transactions in Downtown 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
4.92%
Cash-on-Cash
-1.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93