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
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