Ritz Carlton Residences LA Condo Sold For $2.3M With Compass Brokers Marc Hernandez & Catherine Medioni
900 West Olympic Boulevard
$2,315,000
$1,061/SF
Building Size
2,180 SF
Asset Type
Condo
Closing
Feb 15, 2024
AI
A condo located at 900 West Olympic Boulevard in the Ritz Carlton Residences LA has been sold in a closed transaction. The property offers a total square footage of 2,180 at a price per square foot of $1,062. The asking price for the condo was $2,398,000, and it was ultimately sold for $2,315,000. The transaction took place on February 15, 2024.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $2,315,000
- Address: 900 West Olympic Boulevard, Ritz Carlton Residences LA
- Market: Los Angeles
- Broker: Marc Hernandez & Catherine Medioni - Compass
Marc Hernandez and Catherine Medioni from Compass represented the buyers and sellers in this transaction.
Players
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
6.85%
Cash-on-Cash
-1.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93