Updated Sep 9, 2024
Barouir Deirmenjian Acquires Retail Property On West Manchester Avenue In Los Angeles For $3.6M
1440 West Manchester Avenue
$3,600,000
$400/SF
Building Size
9,000 SF
Asset Type
Retail
Closing
Apr 17, 2023
About this deal
AI
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
Market 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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93