Updated Oct 29, 2024
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
About this deal
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.
On the Map
$4,165,000
$954/SF
Office
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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