Barouir Deirmenjian Acquires Retail Property On West Manchester Avenue In Los Angeles For $3.6M
SOLD
California
See Similar DealsRetail9,000 SF
Sold 04/17/2023
SOLD
Barouir Deirmenjian Acquires Retail Property On West Manchester Avenue In Los Angeles For $3.6M
1440 West Manchester Avenue
See Similar DealsRetail9,000 SF
Sold 04/17/2023
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$192,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04
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