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
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