Updated Oct 29, 2024
Private Burbank Family Trust Acquires Retail Property On San Vicente Blvd In Los Angeles
5520 San Vicente Boulevard, Los Angeles, CA, USA
$4,250,000
$1,019/SF
Building Size
4,170 SF
Asset Type
Retail
Closing
May 9, 2018
About this deal
AI
The retail property located at 5520 San Vicente Blvd in Los Angeles has recently been sold. The transaction took place on May 10, 2018. The property is situated in the Mid-Wilshire /Miracle Mile market area and spans across 4,200 square feet. The total land size is 11,000 square feet, making it a substantial space for retail operations.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,250,000
- Building Size: 4,200 square feet
- Land Size: 11,000 square feet
- Price per Square Foot: $1,011
The property was sold for a total price of $4,250,000, with a price per square foot of $1,011. The buyer of the property is the Private Burbank Family Trust, while the seller is Wilshire Vista, LLC. Notably, David Aschkenasy of Commercial Asset Group represented both the buyer and the seller in this transaction.
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
3.73%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93