Theodore Goldstein Acquires Retail Property From James Rothstein For $2.525M In Los Angeles
228 Avenue 50
$2,525,000
$384/SF
Building Size
6,573 SF
Asset Type
Retail
Closing
Sep 10, 2025
AI
The property asset involved in the transaction is located at 224-228 North Avenue 50 & 4966 Monte Vista Street in the Los Angeles market. The retail property has a sale price of $2,525,000 and encompasses a total of 6,573 square feet, equating to a price per square foot of $384.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,525,000
- Square Footage: 6,573
- Address: 224-228 North Avenue 50 & 4966 Monte Vista Street
- Market: Los Angeles
- Buyer: Theodore Goldstein
- Seller: James Rothstein
- Seller's Representative: Hannah Zager, Ryan Rothstein-Serling & Martin Agnew - Agnew|Serling Group - Marcus & Millichap
This transaction involved key individuals, including the buyer, Theodore Goldstein, and the seller, James Rothstein. The seller's representation was provided by Hannah Zager, Ryan Rothstein-Serling, and Martin Agnew from Agnew|Serling Group - Marcus & Millichap, indicating a partnership within a reputable brokerage for this retail asset sale.
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
6.28%
Cash-on-Cash
-1.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93