Dalton Gerlach Acquires Retail Property In Highland Park For $1.4M
5506 Monte Vista Street, Los Angeles, CA 90042
$1,400,000
$327/SF
Building Size
4,271 SF
Asset Type
Retail
Closing
Jul 19, 2020
AI
5506-5514 Monte Vista St, located in Highland Park, was recently sold in a retail transaction. The property consists of 5 units, spanning a total of 4,271 square feet. The sale price for this transaction was $1,400,000, resulting in a price per unit of $280,000 and a price per square foot of $327.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,400,000
- Units: 5
- Price Per Unit: $280,000
- Square Footage: 4,271
- Price Per Square Foot: $327
- Address: 5506-5514 Monte Vista St.
- Market: Highland Park
The buyer for this transaction is Dalton Gerlach, represented by Patrick Dilanian from RE/MAX. The sellers, Dee Mouri and Doug Whiting, were represented by Brad Wetherby, Ryan Serling, and Martin Agnew from Marcus & Millichap.
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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93