The property asset involved in this transaction is a retail space located at 2317 Pasadena Avenue in the Los Angeles market. The sale price for this asset was $1,500,000, and it encompasses a total area of 4,800 square feet, resulting in a price per square foot of $312.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $1,500,000
• Address: 2317 Pasadena Avenue
• Market: Los Angeles
• Square Footage: 4,800
• Price Per Square Foot: $312
• Buyer: Vrej Bedjanian
• Seller: Ray Reyes
• Brokers: Jay Martinez & Jackie Moeller - Kidder Mathews

This transaction involved key individuals including the buyer, Vrej Bedjanian, who acquired the property from the seller, Ray Reyes. The brokers representing the transaction were Jay Martinez and Jackie Moeller from Kidder Mathews, facilitating the sale process.