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5969 Melrose Avenue

Johnathan Pach Of Compass Represents Buyer In $4.51M Retail Sale At 5969 Melrose Avenue
SOLDRetail

Johnathan Pach Of Compass Represents Buyer In $4.51M Retail Sale At 5969 Melrose Avenue

5969 Melrose Avenue

$4,505,000

$546/SF

Building Size

8,247 SF

Asset Type

Retail

Closing

Jun 3, 2025

AI

The property asset involved in the transaction is located at 5969 Melrose Avenue in Los Angeles. This retail asset has a total square footage of 8,247 and was sold for $4,505,000, translating to a price per square foot of $546.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $4,505,000
  • Address: 5969 Melrose Avenue
  • Market: Los Angeles
  • Square Footage: 8,247
  • Price Per Square Foot: $546
  • Buyer's Representative: Johnathan Pach - Compass
  • Seller's Representatives: Bronson Morgan & Ryan Gurman - CBRE

In this transaction, the representatives for the buyer and seller were instrumental in facilitating the deal. Johnathan Pach from Compass represented the buyer, while Bronson Morgan and Ryan Gurman from CBRE acted as representatives for the seller.

Players

Bronson Morgan

CBRE

Broker

$15.2M

vol

8 deals

Broker

Los Angeles Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.52%

Cash-on-Cash

-1.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93