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731 North Cahuenga Boulevar...

Langdon Street Capital Acquires Office Building On Cahuenga Blvd In Hollywood For $4.2M
SOLDOffice

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

Andrew Gharibian

First Property Realty Corporation

Broker

$75.9M

vol

5 deals

Broker
LC
Langdon Street CapitalBuyer

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