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6914 Melrose Avenue, Hollyw...

Updated Jan 24, 2025

Ken Marcus Sells Hollywood Office Building On Melrose Ave For $3.6M
SOLDOffice

Ken Marcus Sells Hollywood Office Building On Melrose Ave For $3.6M

6914 Melrose Avenue, Hollywood, Los Angeles, CA, USA

$3,600,000

$703/SF

Building Size

5,114 SF

Asset Type

Office

Closing

Sep 26, 2019

About this deal

AI

An office property located at 6914 Melrose Ave in Hollywood was recently sold for $3,600,000. The property spans across 5,114 square feet and was sold at a price per square foot of $703.95. The transaction took place on September 27, 2019.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $3,600,000
  • Address: 6914 Melrose Ave
  • Market: Hollywood

The seller of the property was Ken Marcus. The sale was facilitated by the brokers, David Pressberg and Jordan Rubinstein.

The office sale at 6914 Melrose Avenue, Hollywood, Los Angeles, CA, USA in West Hollywood, California sold for $3.6M in 2019. The building is 5,114 square feet, implying about 703 per square foot on the published price. Jordan Rubinstein, David Pressberg, Century Park Realty appear on the sale alongside Century Park Realty. This page is the West Hollywood, California file for the 6914 Melrose Avenue, Hollywood, Los Angeles, CA, USA office sold: pricing, party profiles, and other closed office comps from the same West Hollywood sit in the Market section below. Filter that West Hollywood office set by closing date to see what else sold near 6914 Melrose Avenue, Hollywood, Los Angeles, CA, USA around 2019. Published consideration for 6914 Melrose Avenue, Hollywood, Los Angeles, CA, USA is $3.6M, dated 2019. Cite this Ken Marcus Sells Hollywood Office Building On Melrose Ave For $3.6M sale when underwriting similar office product around West Hollywood, California.

Players

David Pressberg

Broker

$57.1M

vol

5 deals

Broker

West Hollywood Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $703 per square foot on a published $3.6M for 5,114 square feet (2019).

Visit Jordan Rubinstein to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.41%

Cash-on-Cash

-1.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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