Updated Dec 4, 2024
Nesim Hason & Leon Hason Sell Little Tokyo Retail Property For $2.35M
228 East 1st Street & 232 East 1st Street
$2,350,000
$344/SF
Building Size
3,411 SF
Asset Type
Retail
Closing
Mar 29, 2024
About this deal
AI
The property located at 228-232 East 1st Street in Little Tokyo, Los Angeles, was sold in a recent transaction for $2,350,000. This retail asset spans 3,411 square feet, amounting to a price per square foot of $689.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $2,350,000
- Market: Little Tokyo (Los Angeles)
- Brokers: Nesim "Niso" Hason & Leon Hason - Blue Flamingo Realty
Nesim "Niso" Hason, the Founder & Broker of Blue Flamingo Realty, also serves as a Mortgage Loan Originator (MLO) and Broker Associate with Great American Financial, providing clients with both buyer representation and financing options within the same transaction. On the other hand, Leon Hason, a consultant to Blue Flamingo Realty, holds the designation of Certified Public Accountant (CPA).
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
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93