Updated Dec 21, 2023
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
About this deal
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.
On the Map
$3,300,000
$553/SF
Retail
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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