Allen Johnson Acquires Office In Mid City For $5.3M With Buyer's Rep Steve Anavim - Conroy Commercial
5464 Washington Boulevard, Los Angeles, California 90016, United States
$5,300,000
$662/SF
Building Size
8,000 SF
Asset Type
Office
Closing
Jan 10, 2022
AI
Located in the Mid City market, the office building at 5464-5470 Washington Blvd. has been sold in a recent transaction. The property spans 8,000 square feet and was sold for $5,300,000, resulting in a price per square foot of $662. The sale took place on January 10, 2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $5,300,000
- Square Footage: 8,000
- Price per Square Foot: $662
- Address: 5464-5470 Washington Blvd.
- Market: Mid City
The buyer of the property is Allen Johnson, while the seller is Alyce Morris. Representing the buyer in the deal is Steve Anavim from Conroy Commercial.
Players
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
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93