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Farid Yaghoubtil Acquires Office Building In Los Angeles For $3.9M

Property Image
SOLD
$3,900,000
Farid Yaghoubtil

California

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Office13,246 SF
Sold 04/22/2022
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Property Image
SOLD

Farid Yaghoubtil Acquires Office Building In Los Angeles For $3.9M

2828 Beverly Boulevard, Los Angeles, California 90057, United States

See Similar Deals
Office13,246 SF
Sold 04/22/2022
Farid Yaghoubtil
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$294
Total Square Footage:13,246 SF
Transaction Type:Sale

Located at 2828 Beverly Blvd. in Los Angeles, this office property has been sold for a price of $3,900,000. The property spans a total area of 13,246 square feet, resulting in a price per square foot of $294. The transaction took place on April 22, 2022.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $3,900,000
  • Buyer: Farid Yaghoubtil
  • Seller: Juan Argueta
  • Broker: Blas Fernandez - Blas Property Group

The buyer of the property is Farid Yaghoubtil, while the seller is Juan Argueta. Blas Fernandez from Blas Property Group represented both parties in this transaction.

Players

Blas Fernandez
33 deals$88.5M volume(818) 319-9191
BROKER

Keller Williams Realty
BROKERAGE

Farid Yaghoubtil
4 deals$16.5M volume
BUYER

Details

SOLD
IMAGE: Blas Fernandez DATE: 04/22/2022 ADDRESS: 2828 Beverly Blvd. MARKET: Los Angeles ASSET TYPE: Office BUYER: Farid Yaghoubtil SELLER: Juan Argueta BROKER: Blas Fernandez (@AgentBlas) - Blas Property Group (@BlasPropertyGroup) SALE PRICE: $3,900,000 SF: 13,246 ~ PPSF: $294

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

$208,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,855.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,487.99
Annual Debt Service$221,855.88