Updated Dec 21, 2023
Howard Steinberg Acquires WeHo Property On N Wetherly Dr. For $8M
1210 North Wetherly Drive, Los Angeles, CA, USA
$8,000,000
$1,457/SF
Building Size
5,490 SF
Asset Type
Other
Closing
Jan 23, 2019
About this deal
AI
The property at 1210 N Wetherly Dr in WeHo was sold for $8M. It has a total square footage of 5,490, resulting in a price per square foot of $1,457.
Summary of transaction details
- Property Type: Sale
- Transaction Amount: $8M
- Address: 1210 N Wetherly Dr
- Market: WeHo
The seller of the property was Matthew Wagner, while the buyer was Howard Steinberg. The seller was represented by Steven Schaefer and Jay Luchs from Douglas Elliman. The buyer was represented by The Altman Brothers and The Jacob Greene, also from Douglas Elliman.
Players
Los Angeles Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93