Tim Leimert Sells Office On North Larchmont Boulevard In Los Angeles For $2.85M
SOLD
$2,850,000
California
See Similar DealsOffice3,700 SF
Sold 03/29/2024
SOLD
Tim Leimert Sells Office On North Larchmont Boulevard In Los Angeles For $2.85M
503 North Larchmont Boulevard
See Similar DealsOffice3,700 SF
Sold 03/29/2024
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$770
Total Square Footage:3,700 SF
Transaction Type:Sale
The office located at 503 North Larchmont Boulevard in Los Angeles has been sold by Tim Leimert. The property spans 3,700 square feet and was sold for $2,850,000, equating to a price per square foot of $770.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,850,000
- Address: 503 North Larchmont Boulevard
- Market: Los Angeles
- Seller: Tim Leimert
- Broker: Vinny Jain - Ingenious Asset Group
- SF: 3,700
- PPSF: $770
Vinny Jain from Ingenious Asset Group represented the seller, Tim Leimert, in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$151,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,125.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,510.45
Annual Debt Service$162,125.45
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