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:
- Property Type: Office
- Transaction Amount: $4,999,999
- Address: 444 North Larchmont Boulevard
- Market: Los Angeles
- Buyer: R.O.M. Investments, Inc
- Seller: Richard Maulit, As Successor Trustee Of The Tim Leimert Marital Trust
- Buyer's Rep: Dylan Mahood & Brad McCoy - Lee & Associates
- Seller's Rep: Vinny Jain - Ingenious Asset Group
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
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