JJ Grand Hotel In Los Angeles Acquired For $15.15M By Janet Neman & Angelica Gotzev - Kidder Mathews
618 & 620 S Harvard Blvd, Los Angeles, Ca 90006
$15,150,000
$271/SF
Building Size
55,903 SF
Asset Type
MultiFamily
Closing
Mar 29, 2023
AI
The JJ Grand Hotel, located at 618 & 620 S Harvard Blvd in Los Angeles, has been sold for $15,150,000. The hotel features 71 rooms and spans across 55,903 square feet. The sale price per square foot equates to $271.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $15,150,000
- Address: 618 & 620 S Harvard Blvd - JJ Grand Hotel
- Market: Los Angeles
- Rooms: 71
The sale of the JJ Grand Hotel was facilitated by Janet Neman and Angelica Gotzev from Kidder Mathews.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.05%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93