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215 North Larchmont Bouleva...

Arash Danialifar Acquires Mixed-Use Property In Larchmont Village/Hancock Park For $10.0M
SOLDMixed-use

Arash Danialifar Acquires Mixed-Use Property In Larchmont Village/Hancock Park For $10.0M

215 North Larchmont Boulevard, Los Angeles, CA, USA

$10,025,000

$1,299/SF

Building Size

7,714 SF

Asset Type

Mixed-use

Closing

Feb 13, 2020

AI

A mixed-use property located at 215 N Larchmont Blvd in the Larchmont Village/Hancock Park market has been sold for $10,025,000. The property spans across 7,714 square feet, resulting in a price per square foot of $1,299.59. It consists of 4 units, with a price per unit of $2,506,250. The sale was completed on February 14, 2020. The buyer of the property is Arash Danialifar, while the seller is Fox Family. The broker representing the deal is David Aschkenasy.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $10,025,000
  • Address: 215 N Larchmont Blvd
  • Market: Larchmont Village/Hancock Park
  • Square Footage: 7,714 SF
  • Price per Square Foot: $1,299.59
  • Number of Units: 4
  • Price per Unit: $2,506,250

David Aschkenasy, representing the buyer or seller, acted as the broker for the transaction.

Players

David Aschkenasy

Commercial Asset Group

Broker

$54.1M

vol

8 deals

Broker
Arash Danialifar

Arash Danialifar

GD Realty Group

Buyer

$114.4M

vol

10 deals

Buyer

Fox Family

Seller

$38M

vol

3 deals

Seller

Los Angeles 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

1.58%

Cash-on-Cash

-0.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93