facebook
Traded Co logo
Submit

Tyler Makhani Brandon Makhani And Chloe Makhani Of Avondale Equities Acquire Restaurant In Santa Monica For $4.27M

Property Image
SOLD
$4,270,000

California

See Similar Deals
Mixed-use5,000 SF
Sold 07/25/2025
the dealplayerscompscontact
Property Image
SOLD

Tyler Makhani Brandon Makhani And Chloe Makhani Of Avondale Equities Acquire Restaurant In Santa Monica For $4.27M

2820 Main Street

See Similar Deals
Mixed-use5,000 SF
Sold 07/25/2025
Contact now

Summary

CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$854
Total Square Footage:5,000 SF
Transaction Type:Sale

This property asset is a commercial restaurant and cocktail lounge located at 2820-2828 Main St., Santa Monica, CA. The transaction was finalized at a price of $4,270,000, covering a building area of 4,684 square feet. The asset includes an outdoor dining patio of 2,146 square feet, with a total leasable space of 6,830 square feet. The zoning for the property is classified as C2, and it occupies a lot size of 5,776 square feet.

Summary of transaction details:

  • Property Type: Commercial, Restaurant & Cocktail Lounge
  • Transaction Amount: $4,270,000
  • Building Square Footage: 4,684 SF
  • Price per Square Foot: $912 per/SF
  • Outdoor Dining Patio: 2,146 SF
  • Leasable Square Footage: 6,830 SF
  • Zoning: C2
  • Lot Size: 5,776 SF
  • Buyer: Tyler Makhani, Brandon Makhani & Chloe Makhani - Avondale Equities
  • Seller: Joyce A. Syme
  • Broker: Andrew Leff - The CREM Group

The deal involved Tyler Makhani, Brandon Makhani, and Chloe Makhani representing Avondale Equities as the buyers, while Joyce A. Syme acted as the seller. Andrew Leff served as the broker for the transaction, representing the interests of the involved parties.

Players

Andrew Leff
27 deals$100.9M volume
BROKER

The CREM Group
BROKERAGE




Details

SOLD
IMAGE: Brandon Makhani, Tyler Makhani, Andrew Leff & Chloe Makhani DATE: 07/25/2025 ADDRESS: 2820-2828 Main St. Santa Monica, CA MARKET: Santa Monica, CA ASSET TYPE: Commercial, Restaurant & Cocktail Lounge BUYER: Tyler Makhani (@TylerMakhani), Brandon Makhani (@BrandonMakhani) & Chloe Makhani (@ChloeMakhani) - Avondale Equities (@AvondaleEquities) SELLER: Joyce A. Syme BROKER: Andrew Leff - The CREM Group (@TheCREMGroup) SALE PRICE: $4,270,000 BUILDING SF: 4,684SF PPSF: $912 per/SF OUTDOOR DINING PATIO: 2,146 SF LEASABLE SF: 6,830 SF ZONING: C2 LOT SIZE: 5,776 SF PROPERTY DETAILS: 2nd Generation Restaurant + Outdoor Dining Patio

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$227,733.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,170.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,241.98
Annual Debt Service$242,903.74