Langdon Street Capital Acquires Office Building On Cahuenga Blvd In Hollywood For $4.2M
731 North Cahuenga Boulevard, Los Angeles, CA 90038, USA
$4,225,000
$348/SF
Building Size
12,124 SF
Asset Type
Office
Closing
Apr 16, 2019
AI
A Hollywood office property located at 731-741 Cahuenga Blvd has been sold for $4,225,000. The property spans 12,124 square feet, resulting in a price per square foot of $348. The transaction took place on April 17, 2019.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $4,225,000
- Square Footage: 12,124
- Price per Square Foot: $348
- Address: 731-741 Cahuenga Blvd
- Market: Hollywood
The seller of the property was Arcara Real Estate LLC, while the buyer was Langdon Street Capital. The deal was facilitated by Andrew Gharibian from First Property Realty Corp.
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
3.75%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93