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5190 Washington Blvd Los An...

Eli Shashoua Acquires Office In Los Angeles For $1.24M
SOLDOffice

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

Martin Agnew

Marcus & Millichap

Broker

$453.4M

vol

125 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

12.79%

Cash-on-Cash

-3.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93