Updated Dec 4, 2024
Andrew Farhadi Acquires Retail Property On North Figueroa St. In Los Angeles For $2.9M
5924 North Figueroa Street
$2,945,000
$819/SF
Building Size
3,596 SF
Asset Type
Retail
Closing
Oct 20, 2023
About this deal
AI
The retail property located at 5924 North Figueroa Street in Los Angeles has been sold for a price of $2,945,000. The property spans a total of 3,596 square feet, resulting in a price per square foot of $819.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,945,000
- Square Footage: 3,596
- Price Per Square Foot: $819
- Address: 5924 North Figueroa Street, Los Angeles
- Market: Los Angeles
The buyer of the property is Andrew Farhadi, and the seller is Jackie Siegel. The transaction was facilitated by brokers Brandon Michaels, Matthew Luchs, and Steven Schechter from Marcus & Millichap.
On the Map
$2,945,000
$819/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
5.39%
Cash-on-Cash
-1.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93