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5506 Monte Vista Street, Lo...

Dalton Gerlach Acquires Retail Property In Highland Park For $1.4M
SOLDRetail

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

Martin Agnew

Marcus & Millichap

Broker

$453.4M

vol

125 deals

Broker

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