Taraz Yazhari Acquires Retail Property On West Pico Boulevard From Barbara Brown For $2.2M
11708 West Pico Boulevard
$2,200,000
$1,054/SF
Building Size
2,086 SF
Asset Type
Retail
Closing
May 23, 2025
AI
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.
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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93