facebook
Traded Co logo
Submit

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

Property Image
SOLD
$2,600,000

California

See Similar Deals
Retail6,994 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

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

4300 Crenshaw Boulevard

See Similar Deals
Retail6,994 SF
Sold
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$371
Total Square Footage:6994 SF
Transaction Type:Sale

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
8 deals$30.7M volume(323) 302-8282
BROKER

Vinny Jain
Ingenious Asset Group
13 deals$45.9M volume
BROKER

Jeffrey Siegel
5 deals$26.1M volume
SELLER

Details

SOLD
IMAGE: Vinny Jain & Oliver Ghadoushi DATE: 10/24/2023 ADDRESS: 4300 Crenshaw Boulevard MARKET: Los Angeles, CA ASSET TYPE: Retail BUYER: Tony Allen SELLER: Jeffrey Siegel BUYER'S REP: Oliver Ghadoushi (@Oliver_CRE) - Compass (@Compass) SELLER'S REP: Vinny Jain - Ingenious Asset Group, Inc. ASKING PRICE: $2,495,000 SALE PRICE: $2,600,000 SF: 6,994 ~ PPSF: $372

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$138,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92