Updated Feb 5, 2025
L3 Capital Acquires 8420 Melrose Ave West Hollywood From American Commercial Equities For $22.9M
8420 Melrose Ave, West Hollywood, C...
$22,900,000
$2,027/SF
Building Size
11,295 SF
Asset Type
Office
Closing
Nov 19, 2023
About this deal
AI
The property asset involved in this transaction is located at 8420 Melrose Ave, West Hollywood, CA. It has a market value of $22,900,000.00 and encompasses a total square footage of 11,295 SF.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $22,900,000.00
- Address: 8420 Melrose Ave, West Hollywood, CA
- Market: West Hollywood
- Buyer: L3 Capital
- Seller: American Commercial Equities
- Buyer's Representative: Kazuko Morgan, Carine Mamann - Cushman & Wakefield
- Seller's Representative: David Ickovics
The deal involves L3 Capital as the buyer and American Commercial Equities as the seller. Kazuko Morgan and Carine Mamann from Cushman & Wakefield represent the buyer in this transaction, while the seller is represented by David Ickovics.
On the Map
$22,900,000
$2,027/SF
Office
View full map
Players
West Hollywood Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit David Ickovics to view all their deals.
Browse California office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93