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8330 Beverly Boulevard, Los...

Andrew Gharibian Acquires Mixed-Use Property In Los Angeles For $8.5M
SOLDMixed-use

Andrew Gharibian Acquires Mixed-Use Property In Los Angeles For $8.5M

8330 Beverly Boulevard, Los Angeles, California 90048, United States

$8,500,000

$543/SF

Building Size

15,645 SF

Asset Type

Mixed-use

Closing

Dec 20, 2021

AI

8330 Beverly Blvd. in Los Angeles has been sold in a closed transaction. The property is a mixed-use asset with a total square footage of 15,645. The sale took place on December 21, 2021, and the property was purchased by Andrew Gharibian from I. Martin Feldberg. The sale price for the property was $8,500,000, making the price per square foot approximately $543.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $8,500,000
  • Square Footage: 15,645
  • Address: 8330 Beverly Blvd., Los Angeles
  • Market: Los Angeles

T.C. Macker, William Althouse, and Jennifer Moscoso from WESTMAC Commercial Brokerage Company represented the buyer in this deal. They facilitated the transaction on behalf of Andrew Gharibian. It is worth noting that the buyer, Andrew Gharibian, is actively seeking off-market purchase opportunities in the Los Angeles area. For any potential deals, please send them to [email protected].

Players

Jennifer Moscoso

WESTMAC Commercial Brokerage Company

Broker

$241.9M

vol

30 deals

Broker

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

1.87%

Cash-on-Cash

-0.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93