Daily limit: 0/10
Stefan Ashkenazy Of Petit Ermitage Acquires Mixed-use Properties From Timan Khoubian For $30.7M
SOLD
$30,700,000
California
See Similar DealsMixed-use45,000 SF
Sold 10/23/2025
SOLD
Stefan Ashkenazy Of Petit Ermitage Acquires Mixed-use Properties From Timan Khoubian For $30.7M
701 Ocean Front Walk
See Similar DealsMixed-use45,000 SF
Sold 10/23/2025
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$682
Total Square Footage:45,000 SF
Transaction Type:Sale
The mixed-use property located at 619 and 701 Ocean Front Walk in Venice was sold for $30,700,000. This asset encompasses a total of 45,000 square feet and is comprised of 10 live-work lofts along with retail space. The transaction was supported by a $27 million loan from BrightSpire Capital.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $30,700,000
- Buyer: Stefan Ashkenazy - Petit Ermitage
- Seller: Timan Khoubian - DLJ Real Estate Capital Partners
- Lender: BrightSpire Capital
- Price Per Square Foot: $682
Stefan Ashkenazy is associated with the Petit Ermitage hotel in West Hollywood. Timan Khoubian represented DLJ Real Estate Capital Partners in this transaction, which involved the sale of former Snapchat hub buildings.
Players
BUYER
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,637,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$109,070.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$145,533.66
Annual Debt Service$1,746,403.95
Is there something missing? Send suggestions