RCB Equities Acquires Mixed-Use Property On W 3rd St For $8.15M
5979 W 3rd St, Los Angeles, Ca 90036, Usa
$8,150,000
$635/SF
Building Size
12,817 SF
Asset Type
Mixed-use
Closing
Sep 29, 2020
AI
Raleigh Construction has sold a mixed-use property located at 5979 W 3rd St for a total of $8,150,000. The asset spans across 12,817 square feet, resulting in a price per square foot of $635. The property was acquired by RCB Equities in a closed transaction on September 30, 2020. Shaya Braverman and Dario Svidler from RCB Equities represented the buyer and seller in this deal.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $8,150,000
- Address: 5979 W 3rd St
- Square Footage: 12,817
- Price per Square Foot: $635
- Buyer: RCB Equities
- Seller: Raleigh Construction
- Brokers: Shaya Braverman - RCB Equities, Dario Svidler - RCB Equities
This transaction involved Shaya Braverman and Dario Svidler, who represented RCB Equities in the acquisition of the property from Raleigh Construction. Their expertise and negotiation skills played a crucial role in successfully closing the deal.
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
1.95%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93