Lurline Bay Acquires Mixed-Use Property In West Hollywood For $8.7M
SOLD
$8,700,000
+ 1
California
See Similar DealsMixed-use8,200 SF
Sold 03/17/2022
SOLD
Lurline Bay Acquires Mixed-Use Property In West Hollywood For $8.7M
401 North Robertson Boulevard, West Hollywood, California 90048, United States
See Similar DealsMixed-use8,200 SF
Sold 03/17/2022
+ 1
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$1,061
Total Square Footage:8,200 SF
Transaction Type:Sale
The mixed-use property located at 401 N. Robertson Blvd. in West Hollywood has been sold for a total of $8,700,000. The property spans 8,200 square feet and was sold at a price per square foot of $1,060. The transaction took place on March 17, 2022.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $8,700,000
- Address: 401 N. Robertson Blvd., West Hollywood
- Square Footage: 8,200
- Price per Square Foot: $1,060
- Buyer: Lurline Bay - Harrison & Nicolas Condos
- Seller: Yasgoor & Lipner Family Partnership
The buyer's representatives for this transaction were Jake Zacuto and Leor Binshtock from the Zacuto Group, while the seller was represented by Tim Kuruzar and Bryan Ley from JLL.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$463,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,909.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$41,242.44
Annual Debt Service$494,909.26
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