PSP Investments Acquires Mixed-Use Property In Los Angeles For $6.2M
820 South Spring Street, Los Angeles, CA, USA
$6,215,000
$651/SF
Building Size
9,533 SF
Asset Type
Mixed-use
Closing
Oct 9, 2019
AI
The mixed-use property located at 820 S Spring St has been sold in a closed transaction. This property consists of a 14 room boutique hotel with a ground floor restaurant and bar. The sale of this leased investment was completed on October 10, 2019.
Summary of transation details
- Property Type: Mixed-Use
- Transaction Amount: $6,215,000
- Address: 820 S Spring St
- Square Footage: 9,533
- Price Per Square Foot: $651.95
The buyer of the property is PSP Investments, while David Halevy is the seller. The brokers involved in this transaction are Lorena Tomb from Lorena Tomb and the agency rbanlime_realestate.
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
2.55%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93