Updated Dec 4, 2024
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
About this deal
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.
On the Map
$2,850,000
$770/SF
Office
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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