Updated Oct 28, 2024
Jenesse Center Acquires Office Building On S. Vermont Ave. In Los Angeles For $1.9M
8705 South Vermont Avenue, Los Angeles, CA 90044, USA
$1,888,000
$180/SF
Building Size
10,454 SF
Asset Type
Office
Closing
Oct 8, 2021
About this deal
AI
An office property located at 8701-8705 S. Vermont Ave. in Los Angeles has been sold for a total price of $1,888,000. The property measures approximately 10,454 square feet, resulting in a price per square foot of $180.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $1,888,000
- Date: 10/08/2021
- Address: 8701-8705 S. Vermont Ave.
- Market: Los Angeles
The buyer of the property is Jenesse Center, while the seller is William Vasquez. The deal was facilitated by brokers Jay Martinez and Darin Spillman from Hudson Partners.
On the Map
$1,888,000
$180/SF
Office
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.40%
Cash-on-Cash
-2.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93