Paul Huether Sells Retail Property On 1500 N. Western Avenue In Los Angeles For $1.45M
$1,450,000
SOLD
$1,450,000
+ 1
California
See Similar DealsRetail1,044 SF
Sold 04/08/2021
$1,450,000
SOLD
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
See Similar DealsRetail1,044 SF
Sold 04/08/2021
+ 1
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1,388
Total Square Footage:1,044 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$77,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,151.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,873.74
Annual Debt Service$82,484.88
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