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
Los Angeles Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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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