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8609 Sepulveda Blvd, Los An...

Hotel In Los Angeles Sold For $7.14M By Brock & Lori Team - Keller Williams Los Feliz
SOLDHotel

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

Brock Harris

Keller Williams Realty

Broker

$16.2M

vol

4 deals

Broker

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