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11708 West Pico Boulevard

Taraz Yazhari Acquires Retail Property At 11708 West Pico Boulevard For $2.2M
SOLDRetail

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

Jared Swedelson

NAI Global

Broker

$119.2M

vol

18 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