David Yashar & Omid Saleh Sell Retail Property In East Hollywood For $2.35M
1161 N Vermont Ave, Central LA, Los Angeles, CA, USA
$2,350,000
$293/SF
Building Size
8,000 SF
Asset Type
Retail
Closing
May 17, 2021
AI
The retail property located at 1161 N. Vermont Ave in East Hollywood has been sold for $2,350,000. The transaction took place on May 18, 2021. The property spans an area of 8,000 square feet, resulting in a price per square foot of $293. The property was listed by David Yashar and Omid Saleh.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $2,350,000
- Address: 1161 N. Vermont Ave
- Market: East Hollywood
- Square Footage: 8,000
- Price per Square Foot: $293
- Brokers: David Yashar & Omid Saleh
The sale of this retail property in East Hollywood was facilitated by David Yashar and Omid Saleh. They represented their respective clients in the transaction, ensuring a successful deal for all parties involved.
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
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93