Lurline Bay Acquires Mixed-Use Property In West Hollywood For $8.7M
401 North Robertson Boulevard, West Hollywood, California 90048, United States
$8,700,000
$1,061/SF
Building Size
8,200 SF
Asset Type
Mixed-use
Closing
Mar 16, 2022
AI
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.
Players
West Hollywood 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
1.82%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93