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409 North Larchmont Boulevard

Solomon Goldner Acquires Office Building From James Gibbons In Los Angeles
SOLDOffice

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

T.C. Macker

WESTMAC Commercial Brokerage Company

Broker

$483.6M

vol

65 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

5.12%

Cash-on-Cash

-1.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93