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

Property Image
SOLD
$7,140,000

California

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Hotel11,023 SF
Sold 04/04/2022
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Property Image
SOLD

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

8609 Sepulveda Blvd, Los Angeles, CA 91343

See Similar Deals
Hotel11,023 SF
Sold 04/04/2022
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Summary

CALIFORNIA
Asset Type:Hotel
Price Per Square Foot:$647
Total Square Footage:11,023 SF
Transaction Type:Sale

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
4 deals$16.2M volume(213) 842-7625
BROKER

Lori Levine Harris
Keller Williams Realty
2 deals$11.1M volume
BROKER

Details

SOLD
IMAGE: Brock Harris & Lori Levine Harris DATE: 04/04/2022 ADDRESS: 8609 Sepulveda Blvd. MARKET: Los Angeles ASSET TYPE: Hotel BROKERS: Brock Harris & Lori Levine Harris (Brock + Lori Team) (@BrockAndLori) - Keller Williams Los Feliz SALE PRICE: $7,140,000 SF: 11,023 ~ PPSF: $647

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$380,800.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$25,366.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,847.24
Annual Debt Service$406,166.91