Errol Malcolm Purchases Retail Property From Clark Parker In Los Angeles For $10.7M
4518 Crenshaw Boulevard
$10,700,000
$379/SF
Building Size
28,207 SF
Asset Type
Retail
Closing
Feb 10, 2026
AI
The property involved in this transaction is a retail asset located at 4518 Crenshaw Boulevard, in the Los Angeles market. The sale price was $10,700,000, and the total square footage is 28,207 square feet, equating to a price per square foot of $379.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $10,700,000
- Address: 4518 Crenshaw Boulevard
- Market: Los Angeles
- Square Footage: 28,207
- Price per Square Foot: $379
- Buyer: Errol Malcolm
- Seller: Clark Parker
- Broker Representatives: Brandon Michaels & Steven Schechter - Marcus & Millichap
The transaction involved Errol Malcolm as the buyer and Clark Parker as the seller. The brokerage firm representing both parties in this deal is Marcus & Millichap, with Brandon Michaels and Steven Schechter serving as the broker representatives.
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
1.48%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93