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4300 Crenshaw Boulevard

Tony Allen Acquires Office Building On Crenshaw Boulevard In Los Angeles For $2.6M
SOLDRetail

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

Oliver Ghadoushi

Compass

Broker

$30.7M

vol

8 deals

Broker
Jeffrey Siegel

Jeffrey Siegel

Seller

$26.1M

vol

5 deals

Seller

Los Angeles Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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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