Steve Anavim Acquires Retail Property On Larchmont Blvd For $4.2M
SOLD
$4,200,000
California
See Similar DealsRetail3,500 SF
Sold 03/28/2022
SOLD
Steve Anavim Acquires Retail Property On Larchmont Blvd For $4.2M
310 North Larchmont Boulevard, Los Angeles, California 90004, United States
See Similar DealsRetail3,500 SF
Sold 03/28/2022
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1,200
Total Square Footage:3,500 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$223,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71
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