Mike Gevolve Acquires Office Building From Matt Rosenberg In Los Angeles For $2.9M
SOLD
California
See Similar DealsOffice5,764 SF
Sold 09/10/2025
SOLD
Mike Gevolve Acquires Office Building From Matt Rosenberg In Los Angeles For $2.9M
6086 Comey Avenue
See Similar DealsOffice5,764 SF
Sold 09/10/2025
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$503
Total Square Footage:5,764 SF
Transaction Type:Sale
The property involved in this transaction is an office asset located at 6086 Comey Avenue in Los Angeles. The sale price was $2,900,000, and the property encompasses 5,764 square feet, resulting in a price per square foot of $503.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,900,000
- Address: 6086 Comey Avenue
- Market: Los Angeles
- Square Footage: 5,764
- Price per Square Foot: $503
- Buyer: Mike Gevolve
- Seller: Matt Rosenberg
- Brokers: Jake Zacuto, Andrew Sinasohn & Gabe Hisem - Zacuto Group
The sale was represented by Zacuto Group, with Jake Zacuto, Andrew Sinasohn, and Gabe Hisem involved in facilitating the transaction. Notably, the building was designed by the award-winning architecture firm M-RAD.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$154,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,303.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,747.48
Annual Debt Service$164,969.75
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