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4569 West Pico Boulevard, L...

Mark Silber Acquires Retail Property On W. Pico Boulevard In Los Angeles For $3.3M
SOLDRetail

Mark Silber Acquires Retail Property On W. Pico Boulevard In Los Angeles For $3.3M

4569 West Pico Boulevard, Los Angeles, CA 90019

$3,300,000

$553/SF

Building Size

5,962 SF

Asset Type

Retail

Closing

Sep 15, 2021

AI

Located at 4569 W. Pico Boulevard in Los Angeles, this retail property was recently sold in a closed transaction. The property spans 5,962 square feet and was sold for a price of $3,300,000, resulting in a price per square foot of $553. The sale was completed on September 15, 2021.

Summary of transaction details

  • Property Type: Retail
  • Date: 09/15/2021
  • Address: 4569 W. Pico Boulevard, Los Angeles
  • Market: Los Angeles
  • Buyer: Mark Silber
  • Seller: Robert Morelli
  • Brokers: William B. Althouse & Christian C. Holland
  • Sale Price: $3,300,000
  • Square Footage: 5,962
  • Price per Square Foot: $553

The transaction was facilitated by brokers William B. Althouse and Christian C. Holland. They represented the buyer and seller, respectively, in the sale of this retail property.

Players

William Althouse

WESTMAC Commercial Brokerage Company

Broker

$84.4M

vol

13 deals

Broker
Mark Silber

Mark Silber

Buyer

$28.4M

vol

4 deals

Buyer

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

4.81%

Cash-on-Cash

-1.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93