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

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SOLD
$2,700,000

California

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Retail2,444 SF
Sold 02/28/2024
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Property Image
SOLD

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

10301 Venice Boulevard

See Similar Deals
Retail2,444 SF
Sold 02/28/2024
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1,104
Total Square Footage:2,444 SF
Transaction Type:Sale

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
27 deals$100.9M volume
BROKER

Details

SOLD
IMAGE: Andrew Leff DATE: 02/28/2024 ADDRESS: 10301 Venice Boulevard MARKET: Los Angeles ASSET TYPE: Retail BUYER: Armando Robledo SELLER: Alejandro Diaz SELLER'S REP: Andrew Leff - The CREM Group (@TheCREMGroup) SALE PRICE: $2,700,000 SF: 2,444 ~ PPSF: $1,105

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$144,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53