Caitlyn Ross & Paul Brehme Of Coldwell Banker Commercial Westmac Sell Retail Property In Echo Park For $1.74M
319 Laveta Terrace, Echo Park, Los Angeles, CA, USA
$1,740,000
$1,045/SF
Building Size
1,664 SF
Asset Type
Retail
Closing
Dec 3, 2018
AI
Located at 319 Laveta Terrace in Echo Park, this retail property was recently sold in a closed transaction. The property spans 1,664 square feet, offering ample space for various retail activities. The sale took place on December 4, 2018, with a sale price of $1,740,000. This translates to a price per square foot of $1,045.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,740,000
- Address: 319 Laveta Terrace, Echo Park
- Square Footage: 1,664
- Price per Square Foot: $1,045
The sellers, Caitlyn Ross & Paul Brehme, were represented by Coldwell Banker Commercial Westmac. They played a key role in facilitating the successful transaction of this retail property. Their expertise and negotiation skills ensured a smooth closing process.
Players
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
9.12%
Cash-on-Cash
-2.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93