Hotel In Los Angeles Sold For $7.14M By Brock & Lori Team - Keller Williams Los Feliz
8609 Sepulveda Blvd, Los Angeles, CA 91343
$7,140,000
$647/SF
Building Size
11,023 SF
Asset Type
Hotel
Closing
Apr 3, 2022
AI
Located at 8609 Sepulveda Blvd. in Los Angeles, this hotel property was recently sold in a transaction led by Brock Harris & Lori Levine Harris of the Brock + Lori Team at Keller Williams Los Feliz. The sale took place on April 4, 2022, and the property was sold for a total price of $7,140,000.
Summary of transation details
- Property Type: Hotel
- Transaction Amount: $7,140,000
- Square Footage: 11,023
- Price Per Square Foot: $647
- Address: 8609 Sepulveda Blvd., Los Angeles
- Market: Los Angeles
Brock Harris & Lori Levine Harris, from Keller Williams Los Feliz, represented the parties involved in this transaction. The sale price of $7,140,000 translates to a square footage price of $647 per square foot.
Players
Los Angeles Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.22%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93