Updated Dec 21, 2023
Sam Liberow's The Liberow Group Sells Hotel In Los Angeles For $11.1M
7625 Topanga Canyon Blvd, Canoga Park, Los Angeles, CA, USA
$11,118,600
$3,317/SF
Building Size
3,352 SF
Asset Type
Hotel
Closing
Nov 16, 2020
About this deal
AI
A hotel property located at 7625-7631 Topanga Canyon Blvd in Los Angeles was recently sold for a price of $11,118,600. The transaction took place on November 17, 2020. The hotel consists of 52 keys, and the price per key (PPK) was calculated to be $213,819. The sale was facilitated by broker Sam Liberow from The Liberow Group.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $11,118,600
- Address: 7625-7631 Topanga Canyon Blvd, Los Angeles
- Keys: 52
- Price per Key (PPK): $213,819
- Date: November 17, 2020
- Broker: Sam Liberow - The Liberow Group
This successful hotel sale was coordinated by Sam Liberow from The Liberow Group. The deal involved the transfer of ownership of the hotel located at 7625-7631 Topanga Canyon Blvd, Los Angeles. The transaction amount of $11,118,600 was paid, and the hotel comprises of 52 keys, with each key valued at approximately $213,819.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.43%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93