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5924 North Figueroa Street

Updated Dec 4, 2024

Andrew Farhadi Acquires Retail Property On North Figueroa St. In Los Angeles For $2.9M
SOLDRetail

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.

Players

Brandon Michaels

Marcus & Millichap

Broker

$755.4M

vol

139 deals

Broker

Los Angeles Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $819 per square foot on a published $2.9M for 3,596 square feet (2023).

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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

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