SOLDOffice
Mike Tewel Represents Buyer in $4.3M Acquisition of Former TD Bank Building
2434 Hollywood Boulevard
$4,300,000
$412/SF
Building Size
10,427 SF
Asset Type
Office
Closing
Aug 20, 2026
About this deal
AI
The property involved in the transaction is an office asset located at 2434 Hollywood Boulevard in the Hollywood market. It was sold for a transaction amount of $4,300,000 and comprises 10,427 square feet, resulting in a price per square foot of $412.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $4,300,000
- Address: 2434 Hollywood Boulevard
- Market: Hollywood
- Square Footage: 10,427
- Price per Square Foot: $412
- Seller: Ash Chukajian - Unity Hollywood
- Buyer's Rep: Mike Tewel, Lola Galloni & Daniel Wolf - Buyers Realty Advisors
Mike Tewel and his team represented the buyer in this transaction, collaborating with the seller to finalize the acquisition of the former bank building. This property will serve as the new headquarters for a local financial services company that has expanded beyond their previous facility.
On the Map
$4,300,000
$412/SF
Office
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Players
Hollywood Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93