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837 N. Cahuenga, LLC Acquires Flex/Studio Property In Hollywood Media District For $12M

Property Image
SOLD
$12,000,000
Jeffrey Resnick
Andrew Gharibian
Yitzy Pearson

California

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Other14,750 SF
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Property Image
SOLD

837 N. Cahuenga, LLC Acquires Flex/Studio Property In Hollywood Media District For $12M

837-841 North Cahuenga Boulevard, Los Angeles, CA, USA

See Similar Deals
Other14,750 SF
Sold
Jeffrey Resnick
Andrew Gharibian
Yitzy Pearson
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Other
Price Per Square Foot:$813
Total Square Footage:14750 SF
Transaction Type:Sale

The flex/studio building located at 837-841 Cahuenga Blvd/832 Cole Ave in the Hollywood Media District of Los Angeles has been sold for a substantial amount. The property, spanning 14,750 square feet, was sold at a price of $12,000,000, indicating a price per square foot of $813. The transaction involved the seller, At the P @at_the_p, and the buyer, 837 N. Cahuenga, LLC.

Summary of transaction details

  • Property Type: Flex/Studio
  • Transaction Amount: $12,000,000
  • Address: 837-841 Cahuenga Blvd/832 Cole Ave, Los Angeles
  • Market: Hollywood Media District
  • Square Footage: 14,750
  • Price per Square Foot: $813

Yitzy Pearson of Pearson Affiliated represented the seller, At the P, in the deal, while Jeffrey Resnick and Andrew Gharibian of First Property acted as the buyer's brokers for 837 N. Cahuenga, LLC.

Players

Andrew Gharibian
First Property Realty Corporation
Andrew Gharibian
5 deals$75.9M volume(310) 927-3398
BROKER
Jeffrey Resnick
Commercial Asset Group
Jeffrey Resnick
4 deals$53.5M volume
BROKER
Yitzy Pearson
Yitzy Pearson
6 deals$45.8M volume
BROKER

Details

SOLD
IMAGE: Yitzy Pearson, Jeff Resnick, Andrew Gharibian ADDRESS: 837-841 Cahuenga Blvd/832 Cole Ave CITY: Los Angeles MARKET: Hollywood Media District ASSET TYPE: Flex/Studio PRICE: $12,000,000 SF: 14,750 PPSF: $813 SELLER: At the P @at_the_p BUYER: 837 N. Cahuenga, LLC SELLER'S BROKER: Yitzy Pearson of Pearson Affiliated BUYER'S BROKER: Jeffrey Resnick and Andrew Gharibian of First Property

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$640,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$42,633.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$56,886.12
Annual Debt Service$682,633.47