George Chakmakis Acquires Retail Property On Pico Blvd In Mid-City For $1.47M
4501 West Pico Boulevard, Los Angeles, CA 90019, USA
$1,470,000
$581/SF
Building Size
2,529 SF
Asset Type
Retail
Closing
Jun 16, 2020
AI
A retail property located at 4501 Pico Blvd. in Mid-City was recently sold for $1,470,000. The property spans 2,529 square feet, resulting in a price per square foot of $581. The transaction took place on June 16, 2021. The buyer of the property was George Chakmakis, while the seller was Seung Wook Lee.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,470,000
- Address: 4501 Pico Blvd.
- Market: Mid-City
In facilitating the sale, the brokers involved were Michael Criswell and Jay Martinez.
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
10.79%
Cash-on-Cash
-3.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93