Taraz Yazhari Acquires Retail Property At 11708 West Pico Boulevard For $2.2M
11708 West Pico Boulevard
$2,200,000
$1,054/SF
Building Size
2,086 SF
Asset Type
Retail
Closing
May 22, 2025
AI
The retail property located at 11708 West Pico Boulevard in Los Angeles has been sold for $2,200,000. The asset encompasses an area of 2,086 square feet, translating to a price per square foot of $1,054.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,200,000
- Address: 11708 West Pico Boulevard
- Market: Los Angeles
- Buyer: Taraz Yazhari
- Seller: Barbara Brown
- Broker: Jared Swedelson - NAI Global
- Square Footage: 2,086
- Price Per Square Foot: $1,054
The transaction involves key stakeholders including buyer Taraz Yazhari, seller Barbara Brown, and broker Jared Swedelson representing NAI Global in the deal. Each party played a significant role in facilitating this closed property transaction.
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