facebook
Traded Co logo
Submit

Eric Schames Buys Mixed-Use Property In Los Angeles For $1.72M

Property Image
SOLD
$1,720,000

California

See Similar Deals
Mixed-use11,382 SF
Sold 10/06/2021
the dealplayerscompscontact
Property Image
SOLD

Eric Schames Buys Mixed-Use Property In Los Angeles For $1.72M

8459 South Broadway, Los Angeles, CA, USA

See Similar Deals
Mixed-use11,382 SF
Sold 10/06/2021
Contact now

Summary

CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$151
Total Square Footage:11,382 SF
Transaction Type:Sale

The mixed-use property located at 8459 S. Broadway & 8470 S. Olive St. in Los Angeles was recently sold in a transaction on 10/06/2021. The property, spanning 11,382 square feet, was sold for a total price of $1,720,000, equating to a price per square foot of $151. The seller in this deal was Ramin Saghian, while the buyer was 8459 Broadway Partners LLC, represented by Eric Schames. The brokers facilitating the transaction were Jay Martinez and Darin Spillman from Hudson Partners.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,720,000
  • Buyer: 8459 Broadway Partners LLC - Eric Schames
  • Seller: Ramin Saghian
  • Brokers: Jay Martinez & Darin Spillman - Hudson Partners
  • Address: 8459 S. Broadway & 8470 S. Olive St.
  • Market: Los Angeles
  • Square Footage: 11,382
  • Price per Square Foot: $151

The deal involving the sale of the mixed-use property also included key individuals such as Jay Martinez and Darin Spillman from Hudson Partners, who served as the brokers in the transaction. It's noteworthy that Eric Schames represented 8459 Broadway Partners LLC in the deal, resulting in the successful acquisition of the property from Ramin Saghian.

Players

Darin Spillman
15 deals$55.2M volume(310) 592-8269
BROKER

Jay Martinez
Kidder Mathews
41 deals$145.3M volume(310) 658-3375
BROKER

Details

SOLD
IMAGE: Darin Spillman & Jay Martinez DATE: 10/06/2021 ADDRESS: 8459 S. Broadway & 8470 S. Olive St. MARKET: Los Angeles ASSET TYPE: Mixed-use BUYER: 8459 Broadway Partners LLC - Eric Schames SELLER: Ramin Saghian BROKERS: Jay Martinez (@JayMartinezHudson) & Darin Spillman (@DarinSpillmanHudson) - Hudson Partners SALE PRICE: $1,720,000 SF: 11,382 ~ PPSF: $151

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$91,733.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,110.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,153.68
Annual Debt Service$97,844.13