Nicole Mihalka & Caitlyn Ross Sell Office In Cypress Park For $2.9M
2640 Huron Street, Cypress Park, Los Angeles, CA, USA
$2,890,000
$704/SF
Building Size
4,105 SF
Asset Type
Office
Closing
Mar 18, 2021
AI
An office property located at 2640 Huron Street in Cypress Park was recently sold for a price of $2,890,000. The transaction took place on March 19, 2021. The office space spans a total area of 4,105 square feet, resulting in a price per square foot of $719.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $2,890,000
- Address: 2640 Huron Street
- Market: Cypress Park
Nicole Mihalka and Caitlyn Ross, represented by Nicole Mihalka from @TheBrokerNicole and Caitlyn Ross from @CaitlynSchmaitlyn, were the brokers involved in the sale of the office property.
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
5.49%
Cash-on-Cash
-1.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93