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Gus Angelopoulos Sells Retail Property At 240 West Adams Boulevard For $2.1M In Los Angeles

Property Image
SOLD
$2,100,000

California

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Retail2,080 SF
Sold 10/15/2025
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Property Image
SOLD

Gus Angelopoulos Sells Retail Property At 240 West Adams Boulevard For $2.1M In Los Angeles

240 West Adams Boulevard

See Similar Deals
Retail2,080 SF
Sold 10/15/2025
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1,009
Total Square Footage:2,080 SF
Transaction Type:Sale

The asset involved in the transaction is a retail property located at 240 West Adams Boulevard, Los Angeles. The sale price of the property was $2,100,000, with a total square footage of 2,080, resulting in a price per square foot of $1,009.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,100,000
  • Square Footage: 2,080
  • Price Per Square Foot: $1,009
  • Seller: Gus Angelopoulos
  • Brokers: Anthony Karimian & Conrad Sarreal - Matthews
  • 1031 Qualified Intermediary: Deferred
  • Market: Los Angeles

This transaction was facilitated by Anthony Karimian and Conrad Sarreal, who represented the seller, Gus Angelopoulos, in the deal. The sale was part of a 1031 exchange, ensuring tax deferral for the seller through the involvement of Deferred as the qualified intermediary.

Players

Conrad Sarreal
3 deals$8.4M volume
BROKER

Anthony Karimian
Matthews
1 deal$2.1M volume(747) 307-3673
BROKER

Deferred
BUYER

Details

SOLD
IMAGE: Anthony Karimian & Conrad Sarreal DATE: 10/15/2025 ADDRESS: 240 West Adams Boulevard MARKET: Los Angeles ASSET TYPE: Retail SELLER: Gus Angelopoulos BROKERS: Anthony Karimian & Conrad Sarreal - Matthews (@Matthews_CRE) 1031 QUALIFIED INTERMEDIARY: Deferred (@deferred_com) SALE PRICE: $2,100,000 SF: 2,080 ~ PPSF: $1,009 NOTE: This sale was part of a 1031 exchange facilitated by Deferred. .com

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$112,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86