Assistance League Of LA Acquires Hollywood Office Building For $10M
6640 West Sunset Boulevard, Los Angeles, CA 90028, USA
$10,000,000
$771/SF
Building Size
12,960 SF
Asset Type
Office
Closing
Dec 2, 2018
AI
The Assistance League of LA has acquired an office property located at 6640 W Sunset Blvd in Hollywood. The property, which was sold for $10 million on 12/03/2018, is situated in a prime location in the Hollywood market. The asset type of this property transaction is an office.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $10M
- Address: 6640 W Sunset Blvd
- Market: Hollywood
The buyer in this transaction, the Assistance League of LA, has made a strategic investment by acquiring this office property. The deal was facilitated by Ron Burkhardt of Burkhardt Realty, who served as the representative for the Assistance League of LA.
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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93