Solomon Goldner Acquires Office Building From James Gibbons In Los Angeles
409 North Larchmont Boulevard
$3,100,000
$1,351/SF
Building Size
2,293 SF
Asset Type
Office
Closing
Feb 20, 2024
AI
The office located at 409 North Larchmont Boulevard in Los Angeles has been sold for $3,100,000. Spanning 2,293 square feet, the property was transacted at a price per square foot of $1,352. The sale took place on 02/20/2024 between the buyer, Solomon Goldner, and the seller, James Gibbons. The buyer's representative in this deal was Chris Vij, whereas the seller was represented by Christian C. Holland, Woody Cook, Jeffrey M. Pickett & T.C. Macker of WESTMAC Commercial Brokerage Company.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $3,100,000
- Address: 409 North Larchmont Boulevard
- Market: Los Angeles
- SF: 2,293
- PPSF: $1,352
- Buyer: Solomon Goldner
- Seller: James Gibbons
- Buyer's Rep: Chris Vij
- Seller's Rep: Christian C. Holland, Woody Cook, Jeffrey M. Pickett & T.C. Macker - WESTMAC Commercial Brokerage Company
The individuals involved in the deal, including the buyer Solomon Goldner, seller James Gibbons, and the representatives Chris Vij, Christian C. Holland, Woody Cook, Jeffrey M. Pickett, and T.C. Macker, played significant roles in facilitating the successful transaction of the office property. Their collaboration and expertise in the real estate market culminated in the completion of this commercial deal in Los Angeles.
Players
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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93