Updated Sep 9, 2024
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
About this deal
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