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1500 N. Western Avenue, Los...

SOLDRetail

Paul Huether Sells Retail Property On 1500 N. Western Avenue In Los Angeles For $1.45M

1500 N. Western Avenue, Los Angeles, CA 90027, USA

$1,450,000

$1,388/SF

Building Size

1,044 SF

Asset Type

Retail

Closing

Apr 8, 2021

AI

1500 N. Western Avenue, a retail property located in Los Angeles, was recently sold in a closed transaction. The property spans 1,044 square feet and was sold for a price of $1,450,000, resulting in a price per square foot of $1,388. The sale took place on April 8, 2021.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $1,450,000

In this transaction, Paul Huether acted as the seller of the property. The deal was facilitated by the brokers Brandon Michaels, Matthew Luchs, and Andrew Leff.

Players

Brandon Michaels

Marcus & Millichap

Broker

$755.4M

vol

139 deals

Broker

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

10.94%

Cash-on-Cash

-3.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93