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3072 West Pico Boulevard

David Baradarian Acquires Retail Asset At 3072 West Pico Boulevard Los Angeles For $3.12M
SOLDRetail

David Baradarian Acquires Retail Asset At 3072 West Pico Boulevard Los Angeles For $3.12M

3072 West Pico Boulevard

$3,118,610

$130/SF

Building Size

23,848 SF

Asset Type

Retail

Closing

Mar 16, 2026

AI

The property asset involved in this transaction is a retail space located at 3072 West Pico Boulevard in Los Angeles. The sale price was $3,118,610, covering an area of 23,848 square feet, resulting in a price per square foot of $130.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,118,610
  • Address: 3072 West Pico Boulevard
  • Market: Los Angeles
  • Square Footage: 23,848
  • Price per Square Foot: $130
  • Buyer: David Baradarian
  • Seller's Representative: Vinny Jain - Ingenious Asset Group

This deal involved buyer David Baradarian and was represented by Vinny Jain from Ingenious Asset Group on the seller's side, marking a notable transaction in the Los Angeles retail market.

Players

Vinny Jain

Ingenious Asset Group

Broker

$51.4M

vol

15 deals

Broker

David Baradarian

Buyer

$6.2M

vol

2 deals

Buyer

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

5.09%

Cash-on-Cash

-1.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93