Updated Oct 28, 2024
Compass Representative Sheena Ghiani Facilitates $4.6M Retail Sale On Melrose Avenue
5025 Melrose Avenue, Los Angeles, CA 90038
$4,658,246
$420/SF
Building Size
11,076 SF
Asset Type
Retail
Closing
Nov 5, 2021
About this deal
AI
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.
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
3.41%
Cash-on-Cash
-0.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93