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905 Cole Avenue

Kung Won Shin Purchases Office Property In Hollywood From Anthony Meindel For $3.57M
SOLDOffice

Kung Won Shin Purchases Office Property In Hollywood From Anthony Meindel For $3.57M

905 Cole Avenue

$3,565,000

$713/SF

Building Size

5,000 SF

Asset Type

Office

Closing

Aug 21, 2025

AI

The asset involved in this transaction is an office property located at 905 Cole Avenue in the Hollywood market. The property was sold for a total transaction amount of $3,565,000. It has a total square footage of 5,000, resulting in a price per square foot of $713.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $3,565,000
  • Square Footage: 5,000
  • Price per Square Foot: $713
  • Buyer: Kung Won Shin
  • Seller: Anthony Meindel
  • Brokers: Jake Zacuto, Jackie Lubrano & Matthew Ambrose - Zacuto Group
  • Date of Transaction: 08/21/2025
  • Address: 905 Cole Avenue
  • Market: Hollywood

Key individuals involved in this transaction include the buyer Kung Won Shin and the seller Anthony Meindel, who engaged brokers Jake Zacuto, Jackie Lubrano, and Matthew Ambrose from the Zacuto Group to facilitate the sale.

Players

Jake Zacuto

Zacuto Group

Broker

$368.6M

vol

59 deals

Broker
Zacuto Group
Zacuto GroupBrokerage

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

4.45%

Cash-on-Cash

-1.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93