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8733 Venice Boulevard, Los ...

Studio Elevate LLC Acquires Mixed-Use Property On Venice Blvd For $930,000
SOLDMixed-use

Studio Elevate LLC Acquires Mixed-Use Property On Venice Blvd For $930,000

8733 Venice Boulevard, Los Angeles, CA 90034, USA

$930,000

$807/SF

Building Size

1,152 SF

Asset Type

Mixed-use

Closing

Feb 18, 2020

AI

Located at 8733 Venice Blvd, this mixed-use property was recently sold in a closed transaction. The property spans 1,152 square feet and was priced at $930,000, resulting in a price per square foot of $807.29. The sale took place on 02/19/2020.

Summary of Transaction Details

  • Property Type: Mixed-Use
  • Transaction Amount: $930,000
  • Address: 8733 Venice Blvd
  • Square Footage: 1,152
  • Price per Square Foot: $807.29

Studio Elevate LLC purchased the property from Aldo Scoz. The transaction was facilitated by the brokers Klyvia Iha, Ryan Serling, Martin Agnew, Josh Hill, Filip Niculete, and Glen Scher.

Players

Filip Niculete

Marcus & Millichap

Broker

$788.2M

vol

198 deals

Broker

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

17.06%

Cash-on-Cash

-4.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93