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8242 Santa Monica Boulevard...

Lau Chun Sik Sells Retail Property On Santa Monica Blvd In West Hollywood For $1.5M
SOLDRetail

Lau Chun Sik Sells Retail Property On Santa Monica Blvd In West Hollywood For $1.5M

8242 Santa Monica Boulevard, West Hollywood, California 90046, United States

$1,500,000

$388/SF

Building Size

3,859 SF

Asset Type

Retail

Closing

May 26, 2022

AI

The retail property located at 8242 Santa Monica Blvd. in West Hollywood has been sold for $1,500,000. The property spans 3,859 square feet and has a price per square foot of $388. The transaction took place on May 27, 2022.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $1,500,000
  • Address: 8242 Santa Monica Blvd.
  • Market: West Hollywood
  • Square Footage: 3,859
  • Price per Square Foot: $388

The seller of the property was Lau Chun Sik. The deal was brokered by Matt Lee of Lilly Enterprises, Inc., and Elizabeth Clark & Tai Kagehiro. They represented the seller in the transaction.

Players

Tai Kagehiro

Compass

Broker

$43.8M

vol

11 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

West Hollywood 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

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93