Karo Akopyan Purchases Retail Asset On Honolulu Avenue From Debbi Lito For $2M
SOLD
$2,000,000
California
See Similar DealsRetail4,643 SF
Sold 05/23/2025
SOLD
Karo Akopyan Purchases Retail Asset On Honolulu Avenue From Debbi Lito For $2M
2501 Honolulu Avenue
See Similar DealsRetail4,643 SF
Sold 05/23/2025
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$430
Total Square Footage:4,643 SF
Transaction Type:Sale
The property involved in this transaction is a retail asset located at 2501 Honolulu Avenue in the Montrose market. The sale price was set at $2,000,000, with a total square footage of 4,643, amounting to a per square foot price of $430.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,000,000
- Address: 2501 Honolulu Avenue
- Market: Montrose
- Square Footage: 4,643
- Price per Square Foot: $430
- Buyer: Karo Akopyan
- Seller: Debbi Lito
- Broker: Brandon Michaels - Marcus & Millichap
Key individuals in this transaction include Karo Akopyan as the buyer and Debbi Lito as the seller. The deal was brokered by Brandon Michaels from Marcus & Millichap, representing the interests involved in this retail property transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
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