Brennen Hakimian Acquires Land On West Los Angeles For $2.9M
10608 West Pico Boulevard, Los Angeles, CA, USA
$2,900,000
$528/SF
Building Size
5,485 SF
Asset Type
—
Closing
Oct 8, 2021
AI
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
Los Angeles CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93