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806 W 47th St, Los Angeles,...

Ryan Serling & Martin Agnew Sell Mixed-Use Property On W. 47th St. In Downtown Los Angeles For $3.2M
SOLDMixed-use

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

Ryan Rothstein-Serling

Marcus & Millichap

Broker

$526.4M

vol

128 deals

Broker
Martin Agnew

Martin Agnew

2807 West Sunset LLC

Seller

$453.4M

vol

125 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

4.92%

Cash-on-Cash

-1.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93