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Jim Jacobsen Acquires Culver City Retail Property For $5.995M

2901 La Cienega Boulevard, 5900-5904 Washington Boulevard
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This Retail property located in CA was sold for $5,995,000 about 3 years ago. The broker of the deal was Christopher (Chris) Mavian

Located at 2901 La Cienega Blvd and 5900-5904 Washington Blvd in Culver City, this retail property was recently sold. The transaction took place on March 26, 2021.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: $5,995,000
  • Market: Culver City
  • Units: 3
  • Price Per Unit: $1,998,333
  • Square Footage: 5,000
  • Price Per Square Foot: $1,199
  • Cap Rate: 5%

The buyer in this transaction was Jim Jacobsen, while the seller was Bryan Siegel. Christopher Mavian from Mavian Real Estate represented both parties as the broker.

The property was listed for $6,200,000, but it was eventually sold for $5,995,000. With a total of 3 units, the price per unit comes to $1,998,333. The property spans across 5,000 square feet, resulting in a price per square foot of $1,199. The cap rate for this transaction is 5%.

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Deals
  • Location
    2901 La Cienega Blvd, Culver City, CA, USA2901 La Cienega Blvd, Culver City, CA, USA
  • Sale Price
    $5,995,000$5,995,000
    $1,199 PPSF$1,199 PPSF
  • Area
    5,000 SF5,000 SF
  • Asset Type
    RetailRetail
  • Parties
    1 Broker1 Broker

Agent

Christopher (Chris) Mavian

Christopher (Chris) Mavian

Deals1
Sold$6M

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Deal Summary

SALE IMAGE: @ChristopherMavian DATE: 03/26/2021 ADDRESS: 2901 La Cienega Blvd, 5900-5904 Washington Blvd MARKET: Culver City ASSET TYPE: Retail BUYER: Jim Jacobsen SELLER: Bryan Siegel BROKER: Christopher Mavian @ChristopherMavian ASKING PRICE: $6,200,000 SALE PRICE: $5,995,000 UNITS: 3 ~ PPU: $1,998,333 SF: 5,000 ~ PPSF: $1,199 CAP: 5%

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2901 La Cienega Boulevard, 5900-5904 Washington Boulevard

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