Studio Elevate LLC Acquires Mixed-Use Property On Venice Blvd For $930,000
SOLD
$930,000
+ 3
California
See Similar DealsMixed-use1,152 SF
Sold 02/19/2020
SOLD
Studio Elevate LLC Acquires Mixed-Use Property On Venice Blvd For $930,000
8733 Venice Boulevard, Los Angeles, CA 90034, USA
See Similar DealsMixed-use1,152 SF
Sold 02/19/2020
+ 3
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$807
Total Square Footage:1,152 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$49,600.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,304.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,408.67
Annual Debt Service$52,904.09
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