Cahuenga Associates

3151 Cahuenga Boulevard | Universal City, CA

35,500 Square Foot Office Building

3151 Cahuenga Boulevard

Details

Date Purchased: January, 2000
Purchase Price: $3,750,000
Sale Price: $4,850,000
Sale Date: June, 2001
Holding Period: 18 Months
Initial Investment: $1,025,285
Investor Proceeds from Sale: $1,603,571
Internal Rate of Return: 35.68%

Completed Business Plan

  • Bought 40% vacant building with most of the tenants on month to month leases
  • Upgraded building common areas
  • Negotiated long term leases with existing month to month tenants
  • Leased building to 100% occupancy
  • Provided 10% cash on cash return to investors during holding period
  • Sold property for a substantial profit after achieving business plan

Persius Creative