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1907 E. Washington Blvd.

Fabio Demelo Acquires Office Building In Los Angeles For $2.3M
SOLDOffice

Fabio Demelo Acquires Office Building In Los Angeles For $2.3M

1907 E. Washington Blvd.

$2,300,000

$641/SF

Building Size

3,585 SF

Asset Type

Office

Closing

Dec 20, 2022

AI

The office property located at 1907 E. Washington Blvd. in Los Angeles has been sold for a price of $2,300,000. The property spans a total area of 3,585 square feet, resulting in a price per square foot of $642.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $2,300,000
  • Address: 1907 E. Washington Blvd., Los Angeles
  • Square Footage: 3,585
  • Price Per Square Foot: $642

The buyer of the property is Fabio Demelo, while the sellers are Steven Florman, Michelle Florman, and Sassan Amini. The transaction was facilitated by the brokers Jay Martinez, Michael Criswell, and Darin Spillman from Kidder Mathews.

Players

Darin Spillman

Kidder Mathews

Broker

$55.2M

vol

15 deals

Broker

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

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93