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
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