Updated Sep 9, 2024
Payam Sahih Acquires Retail Property In Valley Village For $3.7M
5158 Laurel Canyon Blvd Valley Village, CA 91607, USA
$3,700,000
$229/SF
Building Size
16,148 SF
Asset Type
Retail
Closing
Jun 13, 2023
About this deal
AI
5158 Laurel Canyon Boulevard in Valley Village has been sold in a recent transaction. The property is a retail asset with a total square footage of 16,148. The sale price for this transaction was $3,700,000, resulting in a price per square foot of $229.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,700,000
- Address: 5158 Laurel Canyon Boulevard
- Market: Valley Village
Payam Sahih has acquired the property from Rick Sereno. The deal was facilitated by the Brandon Michaels Group, represented by brokers Brandon Michaels, Matthew Luchs, and Steven Schechter.
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
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93