Updated Dec 21, 2023
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
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
12.44%
Cash-on-Cash
-3.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93