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2266 Westwood Boulevard

Updated Dec 4, 2024

Bilt advertisement
John Horst Acquires Westwood Boulevard Property In Los Angeles For $5.25M
SOLDRetail

John Horst Acquires Westwood Boulevard Property In Los Angeles For $5.25M

2266 Westwood Boulevard & 2274 Westwood Boulevard

$5,250,000

$482/SF

Building Size

5,440 SF

Asset Type

Retail

Closing

Apr 17, 2024

About this deal

AI

The property located at 2266 - 2274 Westwood Boulevard in Los Angeles, with a total of 5,440 square feet, was sold as an owner/user asset transaction. The deal was finalized for the full asking price of $5,250,000, equating to a price per square foot of $965.

Summary of transaction details:

The buyer, John Horst of Horst Family Properties, LLC, expressed gratitude to all involved in the successful completion of the transaction. Special recognition was given to Marc Iacono for his exceptional efforts in securing the necessary financing and lending for the acquisition.

Players

Evan Weiss

Weiss CRE

Broker

$21.3M

vol

6 deals

Broker

Los Angeles Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $482 per square foot on a published $5.3M for 10,880 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.02%

Cash-on-Cash

-0.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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