Langdon Street Capital Acquires Office Building On Cahuenga Blvd In Hollywood For $4.2M
SOLD
$4,225,000
California
See Similar DealsOffice12,124 SF
Sold
SOLD
Langdon Street Capital Acquires Office Building On Cahuenga Blvd In Hollywood For $4.2M
731 North Cahuenga Boulevard, Los Angeles, CA 90038, USA
See Similar DealsOffice12,124 SF
Sold
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$348
Total Square Footage:12124 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$225,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,010.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,028.66
Annual Debt Service$240,343.87
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