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503 North Larchmont Boulevard

Tim Leimert Sells Office On North Larchmont Boulevard In Los Angeles For $2.85M
SOLDOffice

Tim Leimert Sells Office On North Larchmont Boulevard In Los Angeles For $2.85M

503 North Larchmont Boulevard

$2,850,000

$770/SF

Building Size

3,700 SF

Asset Type

Office

Closing

Mar 29, 2024

AI

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.

Players

Vinny Jain

Ingenious Asset Group

Broker

$51.4M

vol

15 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

5.57%

Cash-on-Cash

-1.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93