Sevada Sarkisian Purchases Retail Property From Steve Weiss In Los Angeles For $5.09M
SOLD
$5,092,500
California
See Similar DealsRetail11,500 SF
Sold 03/28/2025
SOLD
Sevada Sarkisian Purchases Retail Property From Steve Weiss In Los Angeles For $5.09M
5055 West Washington Boulevard
See Similar DealsRetail11,500 SF
Sold 03/28/2025
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$442
Total Square Footage:11,500 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$271,600.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,092.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,141.05
Annual Debt Service$289,692.58
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