Updated Sep 11, 2026
Ventana Ventures Acquires Retail Property On Melrose Ave In Los Angeles From Gintel Family For $5M
5901 Melrose Ave
$5,000,000
$555/SF
Building Size
9,000 SF
Asset Type
Retail
Closing
Feb 24, 2023
About this deal
AI
The retail property located at 5901 Melrose Ave in Los Angeles has been sold in a closed transaction. The property spans 9,000 square feet and was sold for a total price of $5,000,000, resulting in a price per square foot of $556. The transaction took place on 02/24/2023.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,000,000
- Square footage: 9,000
- Price per square foot: $556
- Address: 5901 Melrose Ave, Los Angeles
- Market: Los Angeles
The buyer of the property is Ventana Ventures, while the seller is the Gintel Family. The deal was facilitated by brokers Ben Silver from JLL and Evan Jurgensen from Lee & Associates.
On the Map
$5,000,000
$555/SF
Retail
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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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93