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7444 Lankershim Boulevard, ...

Updated Dec 21, 2023

Martin Sukunyan Acquires Mixed-Use Property On Lankershim Boulevard In North Hollywood For $1.3M
SOLDMixed-use

Martin Sukunyan Acquires Mixed-Use Property On Lankershim Boulevard In North Hollywood For $1.3M

7444 Lankershim Boulevard, North Hollywood, CA 91605

$1,300,000

$378/SF

Building Size

3,439 SF

Asset Type

Mixed-use

Closing

Aug 31, 2021

About this deal

AI

A mixed-use property located at 7444 Lankershim Boulevard in North Hollywood has been sold for $1,300,000. Spanning across 3,439 square feet, the property was purchased by Martin Sukunyan from the seller, Manuel Umanzor. The sale was facilitated by Ethan Donel, Alex Reyhan, and Daniel Hirth. The negotiated non-contingent offer allowed for a quick 30-day closing before the property was even listed on the market. The Hirth Group represented both the seller and the buyer in this transaction.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,300,000
  • Address: 7444 Lankershim Boulevard, North Hollywood
  • Market: North Hollywood

Ethan Donel, Alex Reyhan, and Daniel Hirth played a pivotal role in negotiating and finalizing the deal for the property. Their expertise and efficient handling of the transaction allowed for a seamless process.

Players

Ethan Donel

The Hirth Group

Broker

$64.8M

vol

28 deals

Broker

Los Angeles Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $378 per square foot on a published $1.3M for 3,439 square feet (2021).

Visit Ethan Donel to view all their deals.

Browse Los Angeles mixed use sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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