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
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