Updated Dec 20, 2023
Monindra N & Joyshree Biswas Acquire Retail Property In South Los Angeles For $800,000
5306 South Normandie Avenue, Los Angeles, California 90044, United States
$800,000
$225/SF
Building Size
3,555 SF
Asset Type
Retail
Closing
Apr 10, 2022
About this deal
AI
A retail property located at 5306 Normandie Ave. in South Los Angeles has been sold for $800,000. The property spans 3,555 square feet, resulting in a price per square foot of $225. The sale was completed on April 11, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $800,000
- Address: 5306 Normandie Ave., South Los Angeles
- Market: South Los Angeles
The buyer of the property is Monindra N & Joyshree Biswas, while the sellers are Jose Ruiz Gonzalez & Guillermo Penafiel. The transaction was facilitated by Brandon Michaels and Matthew Luchs from The Brandon Michaels Group.
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
19.83%
Cash-on-Cash
-5.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93