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
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
Loading comparables…
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