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2020 Stoner Avenue, Los Ang...

Michael & Joanne Levin Acquire Industrial Property On Stoner Avenue In West Los Angeles For $5.26M
SOLDIndustrial

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

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

Brad McCoy

Lee & Associates

Broker

$631.9M

vol

44 deals

Broker

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