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5464 Washington Boulevard, ...

Allen Johnson Acquires Office In Mid City For $5.3M With Buyer's Rep Steve Anavim - Conroy Commercial
SOLDOffice

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

Steve Anavim

Conroy Commercial

Broker

$65.3M

vol

12 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

2.99%

Cash-on-Cash

-0.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93