Updated Oct 28, 2024
Bolour Associates Acquires Mixed-use Property On Santa Monica Blvd. In Hollywood For $13.7M
6432 Santa Monica Boulevard, Los Angeles, California 90038, United States
$13,700,000
$421/SF
Building Size
32,500 SF
Asset Type
Mixed-use
Closing
Jul 14, 2022
About this deal
AI
Bolour Associates has acquired a mixed-use property located at 6432 Santa Monica Blvd. in Hollywood. The transaction, which took place on July 15, 2022, was facilitated by brokers Brandon Michaels, Matthew Luchs, and Andrew Leff from Marcus & Millichap. The property spans 32,500 square feet and was sold for a total of $13,700,000, resulting in a price per square foot of $421.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $13,700,000
- Address: 6432 Santa Monica Blvd.
- Market: Hollywood
Brandon Michaels, Matthew Luchs, and Andrew Leff of Marcus & Millichap represented Bolour Associates in the transaction.
On the Map
$13,700,000
$421/SF
Mixed-use
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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
1.16%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93