Updated Dec 20, 2023
CBRE Brokers Sell Mixed-Use Property On Hollywood Blvd For $10.6M
4624 Hollywood Boulevard, Los Angeles, CA 90027
$10,575,000
$650/SF
Building Size
16,270 SF
Asset Type
Mixed-use
Closing
Dec 7, 2021
About this deal
AI
Hollywood Blvd. has seen a significant mixed-use property transaction recently. Located at 4624-4634 Hollywood Blvd. in Los Feliz, this property has caught the attention of buyers. The transaction was facilitated by the real estate brokerage firm CBRE, with brokers Ken McLeod, Alex Vasquez, and Patrick Ylagan representing the parties involved.
Summary of transaction details:
- Property Type: Mixed-use
- Date: 12/07/2021
- Sale Price: $10,575,000
- Square Footage: 16,270
- Price Per Square Foot: $649
Known for its vibrant market, Los Feliz is a prime location for this mixed-use property. The brokers from CBRE played a crucial role in bringing together the buyer and seller for this successful transaction, showcasing their expertise in the real estate market.
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
1.50%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93