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13464 Washington Boulevard,...

Daniel Hakakian Acquires Mixed-Use Property In Marina Del Rey For $4.8M
SOLDMixed-use

Daniel Hakakian Acquires Mixed-Use Property In Marina Del Rey For $4.8M

13464 Washington Boulevard, Marina del Rey, California 90292, United States

$4,800,000

$882/SF

Building Size

5,440 SF

Asset Type

Mixed-use

Closing

Dec 26, 2021

AI

A mixed-use property located at 13464 Washington Blvd. in Marina Del Rey has been sold. The property spans a total area of 5,440 square feet and was sold for $4,800,000. The price per square foot for this transaction was approximately $882. The property is situated in a prime location in Marina Del Rey.

Summary of transaction details

  • Property Type: Mixed-use
  • Sale Price: $4,800,000
  • Square Footage: 5,440
  • Price per Square Foot: $882

The buyer of the property was Daniel Hakakian. The sellers were Nicole Pack and Lauren Levy. The deal was facilitated by Brandon Michaels and Matthew Luchs from The Brandon Michaels Group. The transaction closed on December 27, 2021.

The property is a prime opportunity for mixed-use development, offering potential for both residential and commercial spaces. The sale represents a significant investment in the Marina Del Rey market, with a sale price of $4,800,000 and a price per square foot of $882. The transaction reflects the ongoing demand for mixed-use properties in desirable locations.

Players

Brandon Michaels

Marcus & Millichap

Broker

$755.4M

vol

139 deals

Broker

Lauren Levy

Seller

$4.8M

vol

1 deal

Seller

Marina Del Rey Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.30%

Cash-on-Cash

-0.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93