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852 South Hill Street, Los ...

Anthony Farrer Leases Luxurious Condo In Downtown LA For $95K/month
LEASED

Anthony Farrer Leases Luxurious Condo In Downtown LA For $95K/month

852 South Hill Street, Los Angeles, California 90014, United States

Building Size

19,313 SF

Asset Type

Closing

Feb 28, 2022

AI

The biggest PH condo on the West Coast and the most expensive in Los Angeles has just been leased in Downtown Los Angeles. Situated at 852 S. Hill, this luxurious condo spans an impressive 19,313 square feet and offers unparalleled amenities and features. Some of the highlights include a Fitness Studio, Outdoor Rock-Climbing Wall, Rooftop Pool and Spa, Steam and Dry Sauna, 240-bottle Climate-controlled Wine-room, Private Elevator, Theater Room, and over 6,000 square feet of 360° Terraces. The desirable location and exceptional features make this condo a truly remarkable place to call home.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $95,000 per month for 24 months
  • Asking Rent: $4.92 per square foot
  • Square Footage: 19,313
  • Address: 852 S. Hill, Downtown Los Angeles
  • Market: Downtown Los Angeles

This incredible leasing deal was brokered by Lee Mintz from Compass Beverly Hills, representing the tenant, Anthony Farrer. Onni Development, the landlord, has facilitated this exclusive lease agreement. Lee Mintz is an experienced broker who played a crucial role in finalizing this remarkable transaction. His expertise and dedication ensured a successful outcome for all parties involved.

Note from Broker: This leasing deal marks a significant milestone in the Los Angeles real estate market. The high demand for this exceptional property and its unrivaled amenities have set a new standard for luxury living. With its prime location and unparalleled features, this condo stands out as a true gem in the heart of Downtown Los Angeles.

Players

Lee Mintz

Compass

Broker

$38.2M

vol

9 deals

Broker

Los Angeles CRE Market Snapshot

Boundary boundary · CRE · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93