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
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