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Jay Bajaria Acquires Retail Property On La Brea Ave In Los Angeles For $6.47M

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SOLD
$6,471,000

California

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Retail15,000 SF
Sold 05/13/2024
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Property Image
SOLD

Jay Bajaria Acquires Retail Property On La Brea Ave In Los Angeles For $6.47M

2546 La Brea Avenue

See Similar Deals
Retail15,000 SF
Sold 05/13/2024
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$431
Total Square Footage:15,000 SF
Transaction Type:Sale

The property at 2546 La Brea Avenue in Los Angeles is a 15,000 square foot retail asset that was recently sold. The sale price for this property was $6,471,000, with a price per square foot of $431. The transaction involved Jay Bajaria as the buyer and Raffi Sayabalian of the Sayabalian Family Trust as the seller. The deal was facilitated by broker Arian Zerehi from Commercial Brokers International. The asset's location right on the freeway onramp adds to its appeal as a generational family asset.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $6,471,000
  • Buyer: Jay Bajaria
  • Seller: Raffi Sayabalian - Sayabalian Family Trust
  • Broker: Arian Zerehi - Commercial Brokers International
  • Address: 2546 La Brea Avenue
  • Market: Los Angeles
  • Square Footage: 15,000
  • Asking Price: $8,000,000
  • Price Per Square Foot: $431

A notable aspect of this transaction is the favorable financing structure secured for the buyer by Arian Zerehi. Potential buyers or sellers interested in similar opportunities can contact Arian at [email protected] for further information and assistance in the real estate market.

Players

Arian Zerehi
11 deals$79.5M volume(310) 943-8530
BROKER

Details

SOLD
IMAGE: Arian Zerehi DATE: 05/13/2024 ADDRESS: 2546 La Brea Avenue MARKET: Los Angeles ASSET TYPE: Retail BUYER: Jay Bajaria SELLER: Raffi Sayabalian - Sayabalian Family Trust BROKER: Arian Zerehi (@Arian_z3) - Commercial Brokers International (@CBI_LA) ASKING PRICE: $8,000,000 SALE PRICE: $6,471,000 SF: 15,000 ~ PPSF: $431 NOTE FROM BROKER: Arian Zerehi represented the buyer on a generational family asset right on the freeway onramp. Structured very favorable, below market financing for the buyer. If you're in the market to buy or sell, feel free to reach out! [email protected]

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Debt Service Coverage Ratio (DSCR)

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Cap Rate

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Cash Flow (Annual)-$22,990.10
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