Compass Representative Sheena Ghiani Facilitates $4.6M Retail Sale On Melrose Avenue
SOLD
$4,658,246
California
See Similar DealsRetail11,076 SF
Sold 11/05/2021
SOLD
Compass Representative Sheena Ghiani Facilitates $4.6M Retail Sale On Melrose Avenue
5025 Melrose Avenue, Los Angeles, CA 90038
See Similar DealsRetail11,076 SF
Sold 11/05/2021
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$420
Total Square Footage:11,076 SF
Transaction Type:Sale
Located at 5025-5035 Melrose Ave, this retail property in Los Angeles has recently been sold for a total price of $4,658,246. Spanning across 11,076 square feet, the property was sold at a price of $420 per square foot. The sale took place on 11/05/2021.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $4,658,246
- Square Footage: 11,076
- Price Per Square Foot: $420
- Market: Los Angeles
The sellers of this property were Alva Mazza, Lefevre, Ellie Moreno, and Albert Cohen. Represented by Zoey Granott from Urbanlime, they successfully closed the deal. On the other hand, the buyer's representative, Sheena Ghiani from Compass, played an integral role in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$248,439.79
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,549.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,082.46
Annual Debt Service$264,989.55
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