Ryan Gurman & Bronson Morgan Of CBRE Represents Seller In $2.7M Retail Sale In Los Angeles
SOLD
$2,700,000
California
See Similar DealsRetail3,500 SF
Sold 05/05/2025
SOLD
Ryan Gurman & Bronson Morgan Of CBRE Represents Seller In $2.7M Retail Sale In Los Angeles
575 South Fairfax Avenue
See Similar DealsRetail3,500 SF
Sold 05/05/2025
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$771
Total Square Footage:3,500 SF
Transaction Type:Sale
The retail asset located at 575 South Fairfax Avenue in Los Angeles has been sold for $2,700,000. This property encompasses a total area of 3,500 square feet, resulting in a price per square foot of $771.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,700,000
- Address: 575 South Fairfax Avenue
- Market: Los Angeles
- Square Footage: 3,500
- Price Per Square Foot: $771
- Seller's Representative: Ryan Gurman & Bronson Morgan - CBRE
- Buyer's Representative: Sue Choi – Choice100 Realty
The transaction was facilitated by the representatives involved, with Ryan Gurman and Bronson Morgan representing the seller through CBRE, while the buyer was represented by Sue Choi from Choice100 Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$144,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53
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