Stefan Lawrence Acquires Mix-use Property In Hollywood For $7M
SOLD
$7,000,000
California
See Similar DealsMixed-use4,800 SF
Sold 06/01/2022
SOLD
Stefan Lawrence Acquires Mix-use Property In Hollywood For $7M
7728 Woodrow Wilson Drive, Los Angeles, California 90046, United States
See Similar DealsMixed-use4,800 SF
Sold 06/01/2022
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$1,458
Total Square Footage:4,800 SF
Transaction Type:Sale
7728 Woodrow Wilson Drive, a mix-use property located in Hollywood, was recently sold for a price of $7,000,000. The transaction took place on June 1, 2022. The property spans 4,800 square feet, resulting in a price per square foot of $1,458.
Summary of Transaction Details
- Property Type: Mix-use
- Transaction Amount: $7,000,000
- Address: 7728 Woodrow Wilson Drive
- Market: Hollywood
- Buyer: Stefan Lawrence
- Seller: JD Durfee
- Broker: Steve Anavim - Conroy Commercial
Steve Anavim of Conroy Commercial represented both the buyer, Stefan Lawrence, and the seller, JD Durfee, in this transaction. The deal was successfully negotiated, resulting in the sale of the mix-use property at 7728 Woodrow Wilson Drive.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$373,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,869.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,183.57
Annual Debt Service$398,202.85
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