Voltage Pictures Acquires Office Building On Tujunga Ave. In Los Angeles For $8.5M
4019 Tujunga Avenue, Studio City, California 91604, United States
$8,500,000
$983/SF
Building Size
8,646 SF
Asset Type
Office
Closing
May 5, 2022
AI
The office building located at 4019 Tujunga Ave. in Los Angeles has been sold in a recent transaction. The property spans over 8,646 square feet and was sold for a price of $8,500,000, resulting in a price per square foot of $983.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $8,500,000
- Address: 4019 Tujunga Ave., Los Angeles
- Market: Los Angeles
- Buyer: Voltage Pictures
- Seller: The Shalizi Group
- Broker: Shaya Braverman - Keller Williams
The buyer, Voltage Pictures, acquired the office building from the seller, The Shalizi Group. The transaction was facilitated by Shaya Braverman from Keller Williams acting as the broker. The deal represents a significant investment in the Los Angeles market, reflecting the value and potential of this property.
Players
Studio City 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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93