837 N. Cahuenga, LLC Acquires Flex/Studio Property In Hollywood Media District For $12M
837-841 North Cahuenga Boulevard, Los Angeles, CA, USA
$12,000,000
$813/SF
Building Size
14,750 SF
Asset Type
Other
Closing
Aug 22, 2018
AI
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
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
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93