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Leimert Park Holdings Acquires Retail Property From K.N.M Auto Sales For $4.4M

Property Image
SOLD
$4,400,000
Ricky Mitchell
Darren Segal
+ 1

California

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Retail12,963 SF
Sold 07/22/2025
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Property Image
SOLD

Leimert Park Holdings Acquires Retail Property From K.N.M Auto Sales For $4.4M

3443 West 43rd Street

See Similar Deals
Retail12,963 SF
Sold 07/22/2025
Ricky Mitchell
Darren Segal
+ 1
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$339
Total Square Footage:12,963 SF
Transaction Type:Sale

The property asset involved in the transaction is a retail space located at 3443 West 43rd Street in Los Angeles. The sale was finalized at a price of $4,400,000, encompassing a total square footage of 12,963, resulting in a price per square foot of $339.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $4,400,000
  • Address: 3443 West 43rd Street
  • Market: Los Angeles
  • Buyer: Leimert Park Holdings
  • Seller: K.N.M Auto Sales
  • Buyer's Representative: Tom Korey - Commercial Asset Group
  • Seller's Representatives: David Passman, Ricky Mitchell & Darren Segal - The Passman Group
  • Square Footage: 12,963
  • Price per Square Foot: $339

The transaction was represented by Tom Korey on behalf of the buyer, Leimert Park Holdings, while the seller, K.N.M Auto Sales, was represented by David Passman, Ricky Mitchell, and Darren Segal from The Passman Group, highlighting a professional collaboration between the involved parties in this retail asset sale.

Players

David Passman
6 deals$22.1M volume
BROKER

Ricky Mitchell
The Passman Group
5 deals$18.4M volume
BROKER

Darren Segal
The Passman Group
2 deals$8.6M volume(310) 859-8100
BROKER

Tom Korey
Commercial Asset Group
1 deal$4.4M volume(310) 488-0836
BROKER

Commercial Asset Group
BROKERAGE

Details

SOLD
IMAGE: David Passman, Ricky Mitchell, Darren Segal & Tom Korey DATE: 07/22/2025 ADDRESS: 3443 West 43rd Street MARKET: Los Angeles ASSET TYPE: Retail BUYER: Leimert Park Holdings SELLER: K.N.M Auto Sales BUYER'S REP: Tom Korey (@TomKorey) - Commercial Asset Group SELLER'S REP: David Passman, Ricky Mitchell & Darren Segal - The Passman Group (@ThePassmanGroup) SALE PRICE: $4,400,000 SF: 12,963 ~ PPSF: $339

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$15,632.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,858.24
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