Taraz Yazhari Acquires Retail Property On West Pico Boulevard From Barbara Brown For $2.2M
SOLD
$2,200,000
California
See Similar DealsRetail2,086 SF
Sold 05/23/2025
SOLD
Taraz Yazhari Acquires Retail Property On West Pico Boulevard From Barbara Brown For $2.2M
11708 West Pico Boulevard
See Similar DealsRetail2,086 SF
Sold 05/23/2025
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1,054
Total Square Footage:2,086 SF
Transaction Type:Sale
The property asset is a retail space located at 11708 West Pico Boulevard in the Los Angeles market. The sale was completed for a price of $2,200,000, with a total square footage of 2,086, resulting in a price per square foot of $1,054.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,200,000
- Square Footage: 2,086
- Price per Square Foot: $1,054
- Address: 11708 West Pico Boulevard
- Market: Los Angeles
- Buyer: Taraz Yazhari
- Seller: Barbara Brown
- Seller's Representative: Mike Matthias & Zac Freehling - Pacific Partners Real Estate Investments - Keller Williams Beverly Hills
The deal involved Taraz Yazhari as the buyer and Barbara Brown as the seller, with representation for the seller provided by Mike Matthias and Zac Freehling of Pacific Partners Real Estate Investments associated with Keller Williams Beverly Hills.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$117,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47
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