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Barouir Deirmenjian Acquires Retail Property On West Manchester Avenue In Los Angeles For $3.6M

Property Image
SOLD
$3,600,000

California

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Retail9,000 SF
Sold 04/17/2023
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Property Image
SOLD

Barouir Deirmenjian Acquires Retail Property On West Manchester Avenue In Los Angeles For $3.6M

1440 West Manchester Avenue

See Similar Deals
Retail9,000 SF
Sold 04/17/2023
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$400
Total Square Footage:9,000 SF
Transaction Type:Sale

The retail property located at 1440 West Manchester Avenue in Los Angeles has been sold in a transaction. The property spans 9,000 square feet and was sold for a total price of $3,600,000, resulting in a price per square foot of $400.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,600,000
  • Address: 1440 West Manchester Avenue
  • Market: Los Angeles

Barouir Deirmenjian purchased the property from Richard Parigan. The buyer was represented by Daniel Hirth from The Hirth Group, while Elijah Suval from Keller Williams represented the seller, Richard Parigan.

Players

Elijah Suval
23 deals$47.5M volume(818) 297-2828
BROKER

Daniel Hirth
The Hirth Group
71 deals$222.8M volume
BROKER

Details

SOLD
IMAGE: Daniel Hirth & Elijah Suval DATE: 04/17/2023 ADDRESS: 1440 West Manchester Avenue MARKET: Los Angeles ASSET TYPE: Retail BUYER: Barouir Deirmenjian SELLER: Richard Parigan BROKERS: Daniel Hirth (@DHirth5) - The Hirth Group (@HirthGroup), Elijah Suval (@Elijahsuval) - Keller Williams (@KellerWilliamsRealty) SALE PRICE: $3,600,000 SF: 9,000 ~ PPSF: $400

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
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