Updated Sep 5, 2024
EOP Realty Buys Office Building On Cole Avenue In Los Angeles For $3.44M
1023 Cole Ave Los Angeles, CA 90038, USA
$3,435,000
$1,040/SF
Building Size
3,300 SF
Asset Type
Office
Closing
Jul 27, 2023
About this deal
AI
The office located at 1023 Cole Avenue in Los Angeles was sold for $3,435,000. The property spans 3,300 square feet, resulting in a price per square foot of $1,041.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $3,435,000
- Address: 1023 Cole Avenue
- Market: Los Angeles
Lee Polster and Ashton Kent from EOP Realty represented the buyer in the transaction. On the other side, the seller was represented by Steven Salas, Daniel Chiprut, and Kelly Reinker Valdez from Newmark.
On the Map
$3,435,000
$1,040/SF
Office
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Players
Los Angeles Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.62%
Cash-on-Cash
-1.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93