Juan Argueta Acquires Office Building In Los Angeles For $3.7M
SOLD
$3,700,000
California
See Similar DealsOffice5,680 SF
Sold 06/01/2022
SOLD
Juan Argueta Acquires Office Building In Los Angeles For $3.7M
1640 West 11th Street, Los Angeles, California 90015, United States
See Similar DealsOffice5,680 SF
Sold 06/01/2022
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$651
Total Square Footage:5,680 SF
Transaction Type:Sale
The office property located at 1640 W. 11th St. in Los Angeles has been sold for a price of $3,700,000. The transaction took place on 06/01/2022. The property has a total area of 5,680 square feet, resulting in a price per square foot of $651.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,700,000
- Date: 06/01/2022
- Address: 1640 W. 11th St.
- Market: Los Angeles
- Square Footage: 5,680
- Price per Square Foot: $651
The buyer of the property is Juan Argueta, while the seller is Kyung Kim. Blas Fernandez, representing Blas Property Group, acted as the buyer's representative in the deal.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$197,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,145.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,539.89
Annual Debt Service$210,478.65
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