Updated Aug 7, 2025
Vrej Bedjanian Purchases Retail Property From Ray Reyes In Los Angeles For $1.5M
2317 Pasadena Avenue
$1,500,000
$312/SF
Building Size
4,800 SF
Asset Type
Retail
Closing
Jul 25, 2025
About this deal
AI
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.
On the Map
$1,500,000
$312/SF
Retail
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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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93