Brennen Hakimian Acquires Land On West Los Angeles For $2.9M
SOLD
$2,900,000
California
See Similar Deals5,485 SF
Sold 10/09/2021
SOLD
Brennen Hakimian Acquires Land On West Los Angeles For $2.9M
10608 West Pico Boulevard, Los Angeles, CA, USA
See Similar Deals5,485 SF
Sold 10/09/2021
Summary
CALIFORNIA
Price Per Square Foot:$528
Total Square Footage:5,485 SF
Transaction Type:Sale
10608 W. Pico Blvd. in West Los Angeles was recently sold for $2,900,000. The property is a land asset with a size of 5,485 square feet, resulting in a price per square foot of $528. The sale involved the buyer, Brennen Hakimian, and the sellers, Steven Schulman and Jay Schulman.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $2,900,000
- Address: 10608 W. Pico Blvd.
- Market: West Los Angeles
- Buyer: Brennen Hakimian
- Seller: Steven Schulman & Jay Schulman
- Brokers: Michael Monempour - Kidder Mathews, Lauren Aboulafia & Seth Grossman - Meridian Capital Group
- Square Footage: 5,485
- Price per Square Foot: $528
The transaction was facilitated by brokers Michael Monempour from Kidder Mathews and Lauren Aboulafia and Seth Grossman from Meridian Capital Group.
Players
BROKERAGE
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$154,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,303.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,747.48
Annual Debt Service$164,969.75
Is there something missing? Send suggestions