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1640 West 11th Street, Los ...

Juan Argueta Acquires Office Building In Los Angeles For $3.7M
SOLDOffice

Juan Argueta Acquires Office Building In Los Angeles For $3.7M

1640 West 11th Street, Los Angeles, California 90015, United States

$3,700,000

$651/SF

Building Size

5,680 SF

Asset Type

Office

Closing

May 31, 2022

AI

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

Blas Fernandez

IKON Properties

Broker

$88.5M

vol

33 deals

Broker
Keller Williams Realty
Keller Williams RealtyBrokerage

Juan Argueta

Buyer

$7.6M

vol

2 deals

Buyer

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

4.29%

Cash-on-Cash

-1.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93