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310 North Larchmont Bouleva...

Steve Anavim Acquires Retail Property On Larchmont Blvd For $4.2M
SOLDRetail

Steve Anavim Acquires Retail Property On Larchmont Blvd For $4.2M

310 North Larchmont Boulevard, Los Angeles, California 90004, United States

$4,200,000

$1,200/SF

Building Size

3,500 SF

Asset Type

Retail

Closing

Mar 27, 2022

AI

310 N. Larchmont Blvd. in the Larchmont market has been sold for $4,200,000. The retail property spans 3,500 square feet, resulting in a price per square foot of $1,200. The transaction took place on March 28, 2022. Steve Anavim purchased the property from Bhasuwongse Kitti. The sellers were represented by David Aschkenasy and David Ickovics from the Commercial Asset Group.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $4,200,000
  • SF: 3,500
  • PPSF: $1,200

Steve Anavim was the buyer in this transaction, while Bhasuwongse Kitti was the seller. Representing the seller were David Aschkenasy and David Ickovics from the Commercial Asset Group.

Players

David Aschkenasy

Commercial Asset Group

Broker

$54.1M

vol

8 deals

Broker

Los Angeles Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.78%

Cash-on-Cash

-1.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93