Eli Shashoua Acquires Office In Los Angeles For $1.24M
5190 Washington Blvd Los Angeles, CA 90016, USA
$1,240,000
$729/SF
Building Size
1,700 SF
Asset Type
Office
Closing
Jun 8, 2023
AI
The office property located at 5190 Washington Boulevard in Los Angeles was recently sold in a transaction that took place on 06/08/2023. The property encompasses a total area of 1,700 square feet with a price per square foot of $729. The sale price for the property amounted to $1,240,000. The buyer of the property was Eli Shashoua, while Charles Stepanian served as the seller.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $1,240,000
- Address: 5190 Washington Boulevard, Los Angeles
- Market: Los Angeles
- Buyer: Eli Shashoua
- Seller: Charles Stepanian
- Brokers: Ryan Serling, John Lally, & Martin Agnew - Marcus & Millichap
- Square Feet: 1,700
- Price per Square Foot: $729
The sale was handled by brokers Ryan Serling, John Lally, and Martin Agnew, who represented both the buyer, Eli Shashoua, and the seller, Charles Stepanian. Marcus & Millichap served as the brokerage agency for this transaction.
Players
Los Angeles Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.79%
Cash-on-Cash
-3.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93