Updated Dec 20, 2023
Azadeh & David Shaladovsky Acquire Retail Property On W. Pico Blvd In Los Angeles For $3.15M
11821 W. Pico Blvd. Los Angeles, CA 90064
$3,150,000
$700/SF
Building Size
4,500 SF
Asset Type
Retail
Closing
Nov 21, 2022
About this deal
AI
The retail property located at 11821 W. Pico Blvd in Los Angeles, CA has been sold. The transaction took place on 11/21/2022. The property spans a total of 4,500 square feet and was sold for a price of $3,150,000, resulting in a price per square foot of $700.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,150,000
The buyer of the property is Azadeh & David Shaladovsky. They were represented by Adam Zarnegin from Scale Partners RE. On the other hand, the seller is Sean McCollough, who was represented by Brian R. Hart & T.C. Macker from WESTMAC Commercial.
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
5.04%
Cash-on-Cash
-1.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93