Updated Dec 21, 2023
Michael & Joanne Levin Acquire Industrial Property On Stoner Avenue In West Los Angeles For $5.26M
2020 Stoner Avenue, Los Angeles, California 90025, United States
$5,264,000
$752/SF
Building Size
7,000 SF
Asset Type
Industrial
Closing
Jan 10, 2022
About this deal
AI
Situated in West Los Angeles, the industrial property located at 2020 Stoner Avenue was recently sold in a closed transaction. The property spans 7,000 square feet and was sold for a price of $5,264,000, resulting in a price per square foot of $752. The transaction took place on January 10, 2022.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,264,000
- Address: 2020 Stoner Avenue
- Market: West Los Angeles
The buyers in this transaction were Michael and Joanne Levin, while the sellers were Robert Held. Representing the buyers were David Wilson and Brad McCoy from Lee & Associates. On the seller's side, Chad Gahr and David Young from NAI Capital acted as representatives. Their involvement in the deal ensured a successful property transfer.
Players
Los Angeles Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.01%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93