Updated Sep 9, 2024
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
About this deal
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.
On the Map
$4,150,000
$803/SF
Retail
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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