Updated Oct 29, 2024
Sharp Capital & One Cole Group Acquire Retail Condo On Vine Street, Hollywood For $17M
1253 Vine Street, Central LA, Los Angeles, CA, USA
$17,000,000
$509/SF
Building Size
33,362 SF
Asset Type
Retail
Closing
Feb 19, 2020
About this deal
AI
A retail condo located at 1253 Vine Street in Hollywood has been sold for $17,000,000. The property covers an area of 33,362 square feet, resulting in a price per square foot of $509.56. The transaction took place on February 20, 2020.
Summary of transaction details:
- Property Type: Retail Condo
- Transaction Amount: $17,000,000
- Address: 1253 Vine Street
- Market: Hollywood
- Square Footage: 33,362
- Price per Square Foot: $509.56
The buyer of the property is Sharp Capital and One Cole Group, while the seller is Alca Properties, LTD.
On the Map
$17,000,000
$509/SF
Retail
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Players
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Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93