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10601 Wilshire Boulevard

Alice & Nahum Lanier Purchase 10601 Wilshire Blvd Unit 20C For $7.75M
SOLDCondo

Alice & Nahum Lanier Purchase 10601 Wilshire Blvd Unit 20C For $7.75M

10601 Wilshire Boulevard

$7,751,535

$1,429/SF

Building Size

5,424 SF

Asset Type

Condo

Closing

Mar 8, 2024

AI

Unit 20C at Wilshire House in Los Angeles County, with a sale price of $7,751,535, was recently sold, making it the most expensive condo deal of the year at $1,429 per square foot. The property, spanning 5,424 square feet, is located at 10601 Wilshire Boulevard and sits on 0.91 acres in the market of Los Angeles.

Summary of transation details:

The acquisition of Unit 20C was facilitated by Steve Frankel from Coldwell Banker, representing the buyers, Alice and Nahum Lanier. On the other side, the sellers, Robert Wiviott of Eclipse Berry Farms, were represented by Ernest Wish and Kevin Pane from Sotheby's International Realty. This transaction marks a notable real estate deal in Los Angeles reflecting a market trend described by Jonathan Miller of Miller Samuel.

Players

Steve Frankel

Coldwell Banker

Broker

$29.4M

vol

4 deals

Broker

Los Angeles Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.05%

Cash-on-Cash

-0.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93