Dr. Peyman Banooni Acquires Mixed-Use Property In Los Angeles For $6.25M
8620 W. 3rd St
$6,250,000
$1,225/SF
Building Size
5,101 SF
Asset Type
Mixed-use
Closing
Mar 15, 2023
AI
The mixed-use property located at 8620 W. 3rd St in Los Angeles has been sold for a total price of $6,250,000. The property spans across 5,101 square feet, resulting in a price per square foot of $1,225. The transaction took place on March 15, 2023, and the seller was Taylor Equities.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $6,250,000
- Date: 03/15/2023
- Address: 8620 W. 3rd St
- Market: Los Angeles
The buyer of the property was Dr. Peyman Banooni. Representing the buyer and seller in this transaction were Dario Svidler and Shaya Braverman from Keller Williams.
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
2.54%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93