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575 South Fairfax Avenue

Ryan Gurman & Bronson Morgan Of CBRE Represents Seller In $2.7M Retail Sale In Los Angeles
SOLDRetail

Ryan Gurman & Bronson Morgan Of CBRE Represents Seller In $2.7M Retail Sale In Los Angeles

575 South Fairfax Avenue

$2,700,000

$771/SF

Building Size

3,500 SF

Asset Type

Retail

Closing

May 5, 2025

AI

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.

Players

Bronson Morgan

CBRE

Broker

$15.2M

vol

8 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

5.88%

Cash-on-Cash

-1.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93