Updated Oct 28, 2024
Hwi Bang Acquires Retail Asset In South Los Angeles For $6.1M
2580 Venice Boulevard, Los Angeles, California 90019, United States
$6,100,000
$1,389/SF
Building Size
4,391 SF
Asset Type
Retail
Closing
Mar 30, 2022
About this deal
AI
The property involved in this closed transaction is a retail asset located at 2580 Venice Blvd. in South Los Angeles. The property spans 4,391 square feet and was sold at a price of $6,100,000, resulting in a price per square foot of $1,389. The transaction took place on March 31, 2022.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,100,000
- Address: 2580 Venice Blvd.
- Market: South Los Angeles
- Square Footage: 4,391
The buyer of the property was Hwi Bang, while the seller was Dynamic Development Company. Youngju Park from New Star Realty represented the buyer, and Rick Rivera and Jason Ehrenpreis from CBM1 represented the seller in this transaction.
On the Map
$6,100,000
$1,389/SF
Retail
View full map
Players
Los Angeles Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Rick Rivera to view all their deals.
Browse California retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93