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Shuva Israel Torah Center Acquires Office Building On S Robertson Blvd In Los Angeles For $6M

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SOLD
$6,000,000

California

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Office14 SF
Sold 11/15/2022
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Property Image
SOLD

Shuva Israel Torah Center Acquires Office Building On S Robertson Blvd In Los Angeles For $6M

1818 Robertson Boulevard, Los Angeles, California 90035, United States

See Similar Deals
Office14 SF
Sold 11/15/2022
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$428,571
Total Square Footage:14 SF
Transaction Type:Sale

The office building located at 1818 & 1824 S Robertson Blvd in Los Angeles, CA has been sold for $6,000,000. The property spans 14,000 square feet, resulting in a price per square foot of $429.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $6,000,000
  • Address: 1818 & 1824 S Robertson Blvd, Los Angeles, CA
  • Market: Los Angeles, CA

The buyer of the property is the Shuva Israel Torah Center. The sale was facilitated by Tanel Harunzade, Darrell Levonian, Brittney McCarthy, and Michael Daniels from Kidder Mathews.

Players

Brittney McCarthy
6 deals$64.4M volume(424) 653-1825
BROKER

Darrell Levonian
Kidder Mathews
9 deals$143.3M volume
BROKER

Tanel Harunzade
Kidder Mathews
8 deals$122.8M volume
BROKER

Details

SOLD
IMAGE: Tanel Harunzade, Darrell Levonian, Brittney McCarthy & Michael Daniels DATE: 11/15/2022 ADDRESS: 1818 & 1824 S Robertson Blvd MARKET: Los Angeles, CA ASSET TYPE: Office BUYER: Shuva Israel Torah Center (@ShuvahIsrael) BROKERS: Tanel Harunzade, Darrell Levonian, Brittney McCarthy & Michael Daniels - Kidder Mathews (@Kidder.Mathews) SALE PRICE: $6,000,000 SF: 14,000 ~ PPSF: $429

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$319,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73