Arash Danialifar Purchases Mixed-Use Asset On Larchmont Boulevard For $9.6 Million
247-251 Larchmont Blvd
$9,600,000
$1,026/SF
Building Size
9,354 SF
Asset Type
Mixed-use
Closing
Mar 19, 2026
AI
The property asset involved in the transaction is a mixed-use building located at 247-251 Larchmont Boulevard in the Hollywood market. The sale price for the property was $9,600,000, encompassing a total square footage of 9,354 and a price per square foot of $1,026.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $9,600,000
- Address: 247-251 Larchmont Boulevard
- Market: Hollywood
- Square Footage: 9,354
- Price per Square Foot: $1,026
- Buyer: Arash Danialifar
- Seller: Duke Fenady
- Seller's Representative: Paul Brehme - Lee & Associates
The key individuals involved in the transaction include Arash Danialifar as the buyer and Duke Fenady as the seller. Paul Brehme of Lee & Associates represented the seller in this transaction, facilitating the deal's progression and completion.
Players
Larchmont Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.65%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93