Updated Dec 21, 2023
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
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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93