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6050 Vineland Ave North Hol...

Vatche Kazanjian Acquires Retail Property On Vineland Avenue, North Hollywood For $4.15M
SOLDRetail

Vatche Kazanjian Acquires Retail Property On Vineland Avenue, North Hollywood For $4.15M

6050 Vineland Ave North Hollywood, CA 91606, USA

$4,150,000

$803/SF

Building Size

5,165 SF

Asset Type

Retail

Closing

Jul 3, 2023

AI

A retail property located at 6050 Vineland Avenue in North Hollywood has been sold in a recent transaction. The property is spread across 5,165 square feet and was sold for a total price of $4,150,000. The sale price translates to a price per square foot of $803.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $4,150,000
  • Address: 6050 Vineland Avenue
  • Market: North Hollywood

The buyer of the property is Vatche Kazanjian, while the seller is Mohamad Barmaki. The deal was facilitated by brokers Karl Markarian and Abel Mehrabi from JohnHart Real Estate.

These are the key individuals and companies involved in the transaction, contributing to the successful sale of the retail property in North Hollywood.

Players

Karl Markarian

eXp World Holdings

Broker

$69.9M

vol

14 deals

Broker
JohnHart Real Estate
JohnHart Real EstateBrokerage

Mohamad Barmaki

Seller

$8.6M

vol

2 deals

Seller

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

3.82%

Cash-on-Cash

-1.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93