Updated Oct 29, 2024
Haron LLC Acquires Retail Condo On W Manchester Ave In South Los Angeles For $1.03M
1527 West Manchester Avenue, Los Angeles, CA 90047, USA
$1,025,000
$158/SF
Building Size
6,450 SF
Asset Type
Retail
Closing
May 30, 2019
About this deal
AI
A retail condo in South Los Angeles was sold on May 31, 2019. The property, located at 1521 - 1527 W Manchester Ave, was purchased by Haron LLC from the seller, Shippee LLC. The transaction was facilitated by brokers Daniel Hirth & Elijah Suval from Hirth Group.
Summary of transaction details:
- Property Type: Retail Condo
- Transaction Amount: $1,025,000
- Square Footage: 6,450
- Price per Square Foot: $158.91
- Market: South Los Angeles
The retail condo, spanning 6,450 square feet, was sold for a price of $1,025,000, resulting in a price per square foot of $158.91. The property is situated on 1521 - 1527 W Manchester Ave in South Los Angeles. Haron LLC acquired the asset from Shippee LLC. The sale was facilitated by brokers Daniel Hirth & Elijah Suval from Hirth Group.
Players
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
15.48%
Cash-on-Cash
-4.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93