Maezra Buys 6507 DE Longpre Ave From Seller Weinandroses In Los Angeles For $4.1M
6507 DE Longpre Ave, Los Angeles, C...
$4,099,999
$953/SF
Building Size
4,300 SF
Asset Type
—
Closing
Nov 22, 2023
AI
A 4,300-square-foot office building at 6507-6509 De Longpre Ave. in Hollywood has sold for $4.1 million, at around $949 per square foot. The property, built in 1948 and renovated in 2008, located near the Cinerama Dome and ArcLight Hollywood movie theater, was reportedly set a price record in the office submarket. The seller, Weinandroses, was represented by Nathan Pellow and Patrick Moody from Colliers International, while the buyer, Maezra, was operated by Blatteis & Schnur Inc.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $4,099,999.00
- Address: 6507 De Longpre Ave, Los Angeles
- Market: Los Angeles
- Seller's Rep: Nathan Pellow (Colliers International), Patrick Moody (CBRE)
- Buyer: Maezra
- Seller: Weinandroses
- SF: 4300
The property at 6507-6509 De Longpre Ave. found a new owner in Maezra, a Silver Lake-based LLC created for an unnamed music production company, through the representation of Blatteis & Schnur Inc. Interestingly, Go Film, a commercial and television production company, was the previous occupant of the office building, located near the Hollywood/Vine Station of the Los Angeles County Metropolitan Transportation Authority Red Line.
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
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93