R.O.M. Investments, Inc Acquires Office On Larchmont Blvd For $4.999M
SOLD
$4,999,999
California
See Similar DealsOffice10,281 SF
Sold 04/18/2024
SOLD
R.O.M. Investments, Inc Acquires Office On Larchmont Blvd For $4.999M
444 North Larchmont Boulevard
See Similar DealsOffice10,281 SF
Sold 04/18/2024
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$486
Total Square Footage:10,281 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.61
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.55
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