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444 North Larchmont Boulevard

R.O.M. Investments, Inc Acquires Office On Larchmont Blvd For $4.999M
SOLDOffice

R.O.M. Investments, Inc Acquires Office On Larchmont Blvd For $4.999M

444 North Larchmont Boulevard

$4,999,999

$486/SF

Building Size

10,281 SF

Asset Type

Office

Closing

Apr 18, 2024

AI

The office property located at 444 North Larchmont Boulevard in Los Angeles was sold for $4,999,999. The building spans 10,281 square feet, amounting to a price per square foot of $486.

Summary of transaction details:

The deal was facilitated by Dylan Mahood and Brad McCoy from Lee & Associates, representing R.O.M. Investments, Inc as the buyers, while Vinny Jain from Ingenious Asset Group represented Richard Maulit, the seller. Each party played a crucial role in ensuring the successful completion of this property transaction.

Players

Brad McCoy

Lee & Associates

Broker

$631.9M

vol

44 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

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93