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9000 West Third Street

Buyer Acquires Penthouse At Four Seasons Private Residences Los Angeles For $15 Million From Seller Jonathan Genton
SOLDCondo

Buyer Acquires Penthouse At Four Seasons Private Residences Los Angeles For $15 Million From Seller Jonathan Genton

9000 West Third Street

$15,000,000

$1,153/SF

Building Size

13,000 SF

Asset Type

Condo

Closing

Feb 14, 2025

AI

The property involved in this transaction is a condo located at 9000 West Third Street in Los Angeles, featuring a sale price of $15,000,000. The asset encompasses a total square footage of approximately 13,000, resulting in a price per square foot of $1,154.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $15,000,000
  • Location: 9000 West Third Street, Los Angeles
  • Square Footage: 13,000
  • Price Per Square Foot: $1,154
  • Seller: Jonathan Genton - Genton Development Company
  • Buyer's Representative: Santiago Arana - The Agency
  • Seller's Representatives: Billy Rose, Farrah Brittany, Joshua Sayle Myler - The Agency

This transaction highlights the involvement of Jonathan Genton, representing Genton Development Company as the seller. The buyer was represented by Santiago Arana of The Agency, while the seller was supported by The Agency’s team consisting of Billy Rose, Farrah Brittany, and Joshua Sayle Myler.

Players

Santiago Arana

The Agency

Broker

$322.1M

vol

18 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

1.06%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93