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
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