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
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