Leone Smart Acquires Mixed-Use Property At 920 North Fairfax Avenue For $9M With Brokers Jake Zacuto & Sammy Santana
SOLD
$9,000,000
California
See Similar DealsMixed-use11,328 SF
Sold 07/02/2025
SOLD
Leone Smart Acquires Mixed-Use Property At 920 North Fairfax Avenue For $9M With Brokers Jake Zacuto & Sammy Santana
920 North Fairfax Avenue
See Similar DealsMixed-use11,328 SF
Sold 07/02/2025
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$794
Total Square Footage:11,328 SF
Transaction Type:Sale
A mixed-use property located at 920 North Fairfax Avenue in West Hollywood was sold for $9,000,000. The asset spans 11,328 square feet, resulting in a price per square foot of $794.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $9,000,000
- Address: 920 North Fairfax Avenue
- Market: West Hollywood
- Square Footage: 11,328
- Price Per Square Foot: $794
- Buyer: Leone Smart
- Seller: Alex Beloka
- Broker Representatives: Jake Zacuto & Sammy Santana - Zacuto Group
The transaction involved Leone Smart as the buyer and Alex Beloka as the seller, with representation from brokers Jake Zacuto and Sammy Santana of Zacuto Group. This sale marks a significant deal within the marketplace.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$480,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,975.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,664.59
Annual Debt Service$511,975.10
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