Prove Em Investments Acquires Retail Property On Crenshaw Blvd For $2.85M
5710 Crenshaw Blvd, Los Angeles, CA, USA
$2,850,000
$150/SF
Building Size
19,003 SF
Asset Type
Retail
Closing
Jun 3, 2019
AI
The retail property located at 5710 Crenshaw Blvd was sold on June 4, 2019. The property, with a total square footage of 19,003, was purchased by Prove Em Investments LLC from Golcheh Development & Investments LLC. The transaction was facilitated by brokers Eric Cohen and Gabriel Talasazan. The sale price for the property was $2,850,000, resulting in a price per square foot of $149.98.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,850,000
- Address: 5710 Crenshaw Blvd
- Buyer: Prove Em Investments LLC
- Seller: Golcheh Development & Investments LLC
- Brokers: Eric Cohen (Agency: N/A), Gabriel Talasazan (Agency: N/A)
- Square Footage: 19,003
- Price per Square Foot: $149.98
Note: No additional information about the property or transaction has been provided.
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
5.57%
Cash-on-Cash
-1.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93