Tony Allen Acquires Office Building On Crenshaw Boulevard In Los Angeles For $2.6M
4300 Crenshaw Boulevard
$2,600,000
$371/SF
Building Size
6,994 SF
Asset Type
Retail
Closing
Oct 24, 2023
AI
Located at 4300 Crenshaw Boulevard in Los Angeles, CA, this recently closed transaction involved the sale of an office asset. The property spans 6,994 square feet and was sold for a price of $2,600,000, resulting in a price per square foot of $372.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,600,000
- Address: 4300 Crenshaw Boulevard, Los Angeles, CA
- Market: Los Angeles, CA
- Buyer: Tony Allen
- Seller: Jeffrey Siegel
- Buyer's Representative: Oliver Ghadoushi - Compass
- Seller's Representative: Vinny Jain - Ingenious Asset Group, Inc.
- Asking Price: $2,495,000
- Square Footage: 6,994
- Price per Square Foot: $372
The buyer, Tony Allen, acquired the property from seller Jeffrey Siegel. Representing the buyer was Oliver Ghadoushi from Compass, while Vinny Jain from Ingenious Asset Group, Inc. acted as the seller's representative.
Players
Los Angeles Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93