Updated Oct 29, 2024
Ray Zolekhian Acquires Mixed-Use Property On West Third St For $8.7M
8124 West 3rd Street, Central LA, Los Angeles, CA, USA
$8,700,000
$871/SF
Building Size
9,979 SF
Asset Type
Mixed-use
Closing
Dec 30, 2019
About this deal
AI
The mixed-use property located at 8124 West Third St in the Beverly/Grove market has been sold for $8,700,000. The transaction took place on December 31, 2019. The property spans a total area of 9,979 square feet, resulting in a price per square foot of $871.83.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $8,700,000
- Address: 8124 West Third St
- Market: Beverly/Grove
- Square Footage: 9,979
- Price per Square Foot: $871.83
The buyer of the property is Ray Zolekhian, while the seller is Woodbridge. The deal was facilitated by David Aschkenasy from David Aschkenasy Realty.
On the Map
$8,700,000
$871/SF
Mixed-use
View full map
Los Angeles Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Visit David Aschkenasy to view all their deals.
Browse California mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.82%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93