Sevada Sarkisian Purchases Retail Property From Steve Weiss In Los Angeles For $5.09M
5055 West Washington Boulevard
$5,092,500
$442/SF
Building Size
11,500 SF
Asset Type
Retail
Closing
Mar 28, 2025
AI
The asset involved in the transaction is a retail property located at 5055 West Washington Boulevard in the Los Angeles market. The property spans a total of 11,500 square feet and was sold for a price of $5,092,500, equating to a price per square foot of $442.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,092,500
- Address: 5055 West Washington Boulevard
- Market: Los Angeles
- Square Footage: 11,500
- Price Per Square Foot: $442
- Buyer: Sevada Sarkisian
- Seller: Steve Weiss
- Broker: Christopher Mara, Lauren Mara & Ryan Mara - Mara Team - Carolwood Estates
The transaction involved Sevada Sarkisian as the buyer, while the seller was Steve Weiss. The brokerage team representing the transaction was Mara Team from Carolwood Estates, consisting of Christopher Mara, Lauren Mara, and Ryan Mara.
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
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93