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1463 Tamarind Avenue, Los A...

Paragon Spaces Sells Hollywood Office Building On Tamarind Ave For $4.165M
SOLDOffice

Paragon Spaces Sells Hollywood Office Building On Tamarind Ave For $4.165M

1463 Tamarind Avenue, Los Angeles, CA, USA

$4,165,000

$954/SF

Building Size

4,364 SF

Asset Type

Office

Closing

May 28, 2019

AI

The office building located at 1463 Tamarind Ave in Hollywood has been sold for $4,165,000. The property spans 4,364 square feet, resulting in a price per square foot of $954.40.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $4,165,000
  • Address: 1463 Tamarind Ave
  • Market: Hollywood
  • Square Feet: 4,364
  • Price per Square Foot: $954.40

The seller of the property was Paragon Spaces. The transaction was facilitated by Zorik Dadoyan from Shopping Centers of L.A., along with Erica Fink, Ryan Phillips, and Mike Condon. Shopping Centers of LA, operating under KW Commercial, specializes in retail, industrial, and office buildings in the greater Los Angeles area.

Players

Zorik Dadoyan

Keller Williams Realty

Broker

$4.2M

vol

1 deal

Broker

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

3.81%

Cash-on-Cash

-1.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93