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2828 Beverly Boulevard, Los...

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

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

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

$3,900,000

$294/SF

Building Size

13,246 SF

Asset Type

Office

Closing

Apr 21, 2022

AI

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

IKON Properties

Broker

$88.5M

vol

33 deals

Broker
Keller Williams Realty
Keller Williams RealtyBrokerage
Farid Yaghoubtil

Farid Yaghoubtil

Buyer

$16.5M

vol

4 deals

Buyer

Juan Argueta

Seller

$7.6M

vol

2 deals

Seller

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

4.07%

Cash-on-Cash

-1.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93