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10301 Venice Boulevard

Armando Robledo Buys Retail Asset On Venice Boulevard, Los Angeles For $2.7M
SOLDRetail

Armando Robledo Buys Retail Asset On Venice Boulevard, Los Angeles For $2.7M

10301 Venice Boulevard

$2,700,000

$1,104/SF

Building Size

2,444 SF

Asset Type

Retail

Closing

Feb 28, 2024

AI

The retail property located at 10301 Venice Boulevard in Los Angeles was successfully sold in a recent transaction. The property spans 2,444 square feet and was sold for $2,700,000, reflecting a price per square foot of $1,105. The sale involved Armando Robledo as the buyer and Alejandro Diaz as the seller. Andrew Leff from The CREM Group represented the seller in the transaction.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: $2,700,000
  • Buyer: Armando Robledo
  • Seller: Alejandro Diaz
  • Seller's Representative: Andrew Leff - The CREM Group
  • Address: 10301 Venice Boulevard
  • Market: Los Angeles
  • Square Footage: 2,444
  • Price per Square Foot: $1,105

Andrew Leff from The CREM Group played a pivotal role in the transaction as the seller's representative. The successful deal between Armando Robledo and Alejandro Diaz highlights the crucial involvement of key individuals and companies in the Los Angeles real estate market.

Players

Andrew Leff

The CREM Group

Broker

$100.9M

vol

27 deals

Broker

Los Angeles Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.88%

Cash-on-Cash

-1.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93