Updated Oct 28, 2024
VI Peel Acquires Office Building On N. La Brea Avenue In Hollywood For $6.6M
629 South La Brea Avenue, Los Angeles, California 90036, United States
$6,595,000
$1,045/SF
Building Size
6,311 SF
Asset Type
Office
Closing
Jan 27, 2022
About this deal
AI
The office property located at 629 N. La Brea Avenue in Hollywood has been sold for a price of $6,595,000. The property spans 6,311 square feet and was sold at a price per square foot of $1,045.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $6,595,000
- Address: 629 N. La Brea Avenue
- Market: Hollywood
The buyer of the property is VI Peel, represented by Marya Khalil. The seller is a production company owned by Ben Stiller. The buyer's representative is Geoff Grossman from CBM1, while Aleks Trifunovic from Lee & Associates acted as the seller's representative.
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
2.41%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93