Updated Sep 9, 2024
Brandon Michaels Group, Matthew Luchs & Andrew Leff Sell Hollywood Office For $2.6M
953 Cole Avenue, Central LA, Los Angeles, CA, USA
$2,600,000
$928/SF
Building Size
2,800 SF
Asset Type
Office
Closing
Jan 25, 2021
About this deal
AI
Located in Hollywood, the office property at 953 Cole Avenue was recently sold. The transaction took place on January 26, 2021, with a sale price of $2,600,000. The building measures approximately 2,800 square feet, resulting in a price per square foot of $929. The property is represented by Brandon Michaels, Matthew Luchs, and Andrew Leff of Marcus & Millichap Los Angeles.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $2,600,000
- Address: 953 Cole Avenue
- Market: Hollywood
Brandon Michaels, Matthew Luchs, and Andrew Leff, from the Brandon Michaels Group, were the brokers involved in the sale. They facilitated the deal on behalf of the buyer and seller.
Players
Los Angeles Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Matthew Luchs 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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93