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3923 West 6th Street, Centr...

3923 W 6th St Office Building In Koreatown Acquired For $8.75M By Robert Jacobson, Jay Chu, And Ryan Yatman
SOLDOffice

3923 W 6th St Office Building In Koreatown Acquired For $8.75M By Robert Jacobson, Jay Chu, And Ryan Yatman

3923 West 6th Street, Central LA, Los Angeles, CA, USA

$8,750,000

$274/SF

Building Size

31,914 SF

Asset Type

Office

Closing

Jun 20, 2019

AI

The property involved in this transaction is an office located at 3923 W 6th St in Koreatown. The transaction took place on 06/21/2019 and was sold for a price of $8,750,000. The office has a total square footage of 31,914, resulting in a price per square foot of $274.17. The building has a vintage appearance on the exterior but features a highly improved interior. It is currently occupied by well-known musicians, artists, and actors, making it a desirable space for young entrepreneurs.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $8,750,000
  • Square Footage: 31,914
  • Price per Square Foot: $274.17
  • Market: Koreatown
  • Brokers: Robert Jacobson, Jay Chu, Ryan Yatman

Robert Jacobson, Jay Chu, and Ryan Yatman were the brokers involved in this deal. The office space is located on the busiest corner in Koreatown, adding to its appeal. With its vintage exterior and well-designed interior, it has attracted a diverse group of tenants, including musicians, artists, and actors. This transaction showcases the demand for creative office spaces in the Koreatown market.

Players

Jay Chu

Secured Properties

Broker

$101.9M

vol

6 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

1.81%

Cash-on-Cash

-0.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93