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11708 West Pico Boulevard

Taraz Yazhari Acquires Retail Property On West Pico Boulevard From Barbara Brown For $2.2M
SOLDRetail

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

Mike Matthias

Pacific Partners Real Estate Investments

Broker

$37M

vol

15 deals

Broker

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