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1633 La Cienega Boulevard, ...

Updated Dec 21, 2023

Jaimie Finnerty & Chad Finnerty Acquire Pico Robertson Office For $1.275M
SOLDOffice

Jaimie Finnerty & Chad Finnerty Acquire Pico Robertson Office For $1.275M

1633 La Cienega Boulevard, Los Angeles, California 90035, United States

$1,275,000

$601/SF

Building Size

2,121 SF

Asset Type

Office

Closing

May 2, 2022

About this deal

AI

1633 S. La Cienega Boulevard, located in the Pico Robertson market, has been sold. The office property spans 2,121 square feet and was purchased for a price of $1,275,000, resulting in a price per square foot of $601. The transaction took place on 05/03/2022.

Summary of transaction details

  • Property Type: Office
  • Sale Price: $1,275,000
  • Square Footage: 2,121
  • Price Per Square Foot: $601
  • Date: 05/03/2022
  • Address: 1633 S. La Cienega Blvd.
  • Market: Pico Robertson

Jaimie Finnerty and Chad Finnerty have acquired this office property. Aaron Biston was the seller in this transaction. The Hirth Group, represented by Ethan Donel, Alex Reyhan, and Daniel Hirth, facilitated the deal as the buyer's brokers. Ethan Donel, Alex Reyhan, and Daniel Hirth of the Hirth Group were successful in securing the property for their client, despite competing with multiple offers. They also worked with the existing tenant to ensure a smooth transition.

Players

Ethan Donel

The Hirth Group

Broker

$64.8M

vol

28 deals

Broker

Aaron Biston

Seller

$6.9M

vol

2 deals

Seller

Los Angeles Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $601 per square foot on a published $1.3M for 2,121 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.44%

Cash-on-Cash

-3.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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