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12701 Washington Pl, Mar Vi...

Bob Halavi Acquires $2.6M Retail Property On Washington Pl In Mar Vista
SOLDRetail

Bob Halavi Acquires $2.6M Retail Property On Washington Pl In Mar Vista

12701 Washington Pl, Mar Vista, Los Angeles, CA, USA

$2,600,000

$622/SF

Building Size

4,180 SF

Asset Type

Retail

Closing

Mar 11, 2019

AI

The retail property located at 12701 Washington Pl in Mar Vista, was sold for $2,600,000. The transaction took place on 03/12/2019. The property spans across 4,180 square feet, resulting in a price per square foot of $622. The buyer of the property was Bob Halavi, while the seller was Darryl Curtis. The deal was facilitated by Elizabeth Clark and Chris Chasin, representing their respective agencies.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $2,600,000
  • Address: 12701 Washington Pl
  • Market: Mar Vista
  • Buyer: Bob Halavi
  • Seller: Darryl Curtis
  • Brokers: Elizabeth Clark - Agency, Chris Chasin - Agency
  • Square Footage: 4,180
  • Price per Square Foot: $622

The property sale was successfully closed with the involvement of key individuals such as Elizabeth Clark and Chris Chasin, who played the role of brokers in the transaction.

Players

Chris Chasin

Partners CRE

Broker

$82M

vol

12 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage
Compass
CompassBrokerage

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

6.10%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93