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Doheny Residences LLC Acquires Property At 147 S Doheny Dr Los Angeles For $16.9M

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SOLD
$16,900,000

California

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25,904 SF
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SOLD

Doheny Residences LLC Acquires Property At 147 S Doheny Dr Los Angeles For $16.9M

147 S Doheny Dr, Los Angeles, CA, 90...

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25,904 SF
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Summary

CALIFORNIA
Price Per Square Foot:$652
Total Square Footage:25,904 SF
Transaction Type:Sale

The property asset involved in the transaction is located at 147 S Doheny Dr, Los Angeles, CA. It was sold for $16,900,000.00. The square footage of the property is 25,904. The market for this transaction is Los Angeles.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: $16,900,000.00
  • Address: 147 S Doheny Dr, Los Angeles, CA
  • Market: Los Angeles
  • Buyer: Doheny Residences LLC
  • Seller: Private Family Trust
  • Buyer's Representative: Glenn Brander-Miller & Desatnik Realty
  • Seller's Representative: Errol Spiro
  • Square Footage: 25,904

In this transaction, Doheny Residences LLC was represented by Glenn Brander-Miller from Desatnik Realty, while the seller, a Private Family Trust, was represented by Errol Spiro. The efforts of these representatives facilitated the negotiation and completion of the property sale.

Players

6 deals$45.7M volume
BROKER


SELLER

Details

SOLD
IMAGE: 147 S Doheny Dr, Los Angeles, CA, 90... MARKET: Los Angeles BUYER'S REP: Glenn Brander-Miller & Desatnik Realty SELLER'S REP: Errol Spiro BUYER: Doheny Residences LLC Buyer SELLER: Private Family Trust PRICE: $16,900,000.00 SF: 25904

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$901,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$60,042.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$80,114.62
Annual Debt Service$961,375.46