Updated Sep 5, 2024
Ray Beccaria Acquires Office Property On South Vermont Avenue In Los Angeles For $1.02M
8407 South Vermont Avenue
$1,020,000
$317/SF
Building Size
3,213 SF
Asset Type
Office
Closing
Dec 14, 2022
About this deal
AI
The office property located at 8407 South Vermont Avenue in Los Angeles has been sold. The transaction took place on 12/13/2022.
Summary of transation details
- Property Type: Office
- Transaction Amount: $1,020,000
- Square Footage: 3,213
- Price per Square Foot: $317
The buyer of the property is Ray Beccaria, and the seller is Michael Nava. The sale was facilitated by brokers Martin Agnew, Ryan Serling, Joshua "Josh" Yaris, Carter Kruse, and Jason Tuvia from Marcus & Millichap.
The office sale at 8407 South Vermont Avenue in Los Angeles, California sold for $1M in 2022. The building is 3,213 square feet, implying about 317 per square foot on the published price. Carter Kruse, Ryan Rothstein-Serling, Martin Agnew, Jason Tuvia appear on the sale alongside Marcus & Millichap. This page is the Los Angeles, California file for the 8407 South Vermont Avenue office sold: pricing, party profiles, and other closed office comps from the same Los Angeles sit in the Market section below. Filter that Los Angeles office set by closing date to see what else sold near 8407 South Vermont Avenue around 2022. Published consideration for 8407 South Vermont Avenue is $1M, dated 2022. Cite this Ray Beccaria Acquires Office Property On South Vermont Avenue In Los Angeles For $1.02M sale when underwriting similar office product around Los Angeles, California.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.55%
Cash-on-Cash
-4.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93