Amir Araghi Represents Buyer In $1.58M Office Sale On West Pico Boulevard In Los Angeles
4406 West Pico Boulevard
$1,580,000
$675/SF
Building Size
2,340 SF
Asset Type
Office
Closing
Oct 3, 2025
AI
The property involved in this transaction is an office asset located at 4406 West Pico Boulevard in the Los Angeles market. The property was sold for a total amount of $1,580,000, covering a total area of 2,340 square feet, which results in a price per square foot of $675.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,580,000
- Address: 4406 West Pico Boulevard
- Market: Los Angeles
- Square Feet: 2,340
- Price Per Square Foot: $675
- Seller: Paul Stephan & Jane Lipsitz
- Buyer's Representative: Amir Araghi
- Seller's Representative: Michael Shuken - Savills
This transaction highlights the roles of key individuals involved, where Michael Shuken from Savills represented the sellers, while Amir Araghi acted as the representative for the buyer, facilitating the owner-user purchase aspect of the deal.
Players
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
10.04%
Cash-on-Cash
-2.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93