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463 South La Brea Avenue

First Fidelity Financial Services Inc. Refinances Retail Property In Los Angeles For $2.1M With Albina Davidian As Landlord
FINANCEDRetail

First Fidelity Financial Services Inc. Refinances Retail Property In Los Angeles For $2.1M With Albina Davidian As Landlord

463 South La Brea Avenue & 467 South La Brea Ave

$2,100,000

$215/SF

Building Size

9,728 SF

Asset Type

Retail

Closing

Nov 29, 2023

AI

The retail property located at 463-467 South La Brea Ave in Los Angeles has undergone a loan transaction. The property spans 4,864 square feet and is owned by Albina Davidian. The deal was facilitated by brokers Michael Davoodpour and Fred Nabati from Trimax Realty & Loan.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $2,100,000
  • Loan Type: Refinance
  • Lender: First Fidelity Financial Services Inc.
  • Landlord: Albina Davidian
  • Brokers: Michael Davoodpour & Fred Nabati - Trimax Realty & Loan

The loan amount for this transaction was $2,100,000 and it was a refinancing deal. First Fidelity Financial Services Inc. served as the lender. Michael Davoodpour and Fred Nabati from Trimax Realty & Loan represented the parties involved in the transaction.

Players

Fred Nabati

Trimax Realty & Loan

Broker

$108.8M

vol

61 deals

Broker
FS
First Fidelity Financial ServicesLender

Los Angeles Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.55%

Cash-on-Cash

-2.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93