Updated Sep 9, 2024
Martin Fiesta Acquires Office Building In Inglewood For $2.5M
1300 North La Brea Avenue, Los Angeles, CA, USA
$2,500,000
$458/SF
Building Size
5,451 SF
Asset Type
Office
Closing
Jun 29, 2020
About this deal
AI
The office property located at 1300 N. La Brea Avenue in Inglewood has been sold in a recent transaction. The property spans approximately 5,451 square feet and is situated in the market of Inglewood. The asset was sold for a total price of $2,500,000, which translates to a price per square foot of $458. The transaction took place on June 29, 2021.
Summary of Transaction Details:
- Property Type: Office
- Transaction Amount: $2,500,000
- Address: 1300 N. La Brea Avenue
- Market: Inglewood
The buyer of the property is Martin Fiesta, while the seller is Dr. Craig Carter. The deal was facilitated by Daniel Hirth and Elijah Suval from The Hirth Group, who represented the respective parties in the transaction.
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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93