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
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