Updated Mar 14, 2025
Karo Margaryan Purchases Office Building From Aurora Vitar For $1.6 Million In Los Angeles
625 North Alvarado Street
$1,600,000
$507/SF
Building Size
3,150 SF
Asset Type
Office
Closing
Mar 4, 2025
About this deal
AI
The property asset involved in this transaction is situated at 625 North Alvarado Street, Los Angeles, CA. The asset is classified as an office space, measuring 3,150 square feet. The transaction concluded at a sale price of $1,600,000, translating to a price per square foot of $507.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,600,000
- Square Footage: 3,150
- Price Per Square Foot: $507
- Buyer: Karo Margaryan
- Seller: Aurora Vitar
- Brokers: Hannah Zager, Ryan Rothstein-Serling, Martin Agnew & Rick Raymundo - Marcus & Millichap Encino
The deal was facilitated by a team of brokers from Marcus & Millichap Encino, comprising Hannah Zager, Ryan Rothstein-Serling, Martin Agnew, and Rick Raymundo, who represented the buyer and seller in this transaction.
On the Map
$1,600,000
$507/SF
Office
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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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93