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6126 North Figueroa Street,...

Leyla Tahani Acquires Retail Property In Highland Park For $1.5M
SOLDRetail

Leyla Tahani Acquires Retail Property In Highland Park For $1.5M

6126 North Figueroa Street, Los Angeles, CA 90042, USA

$1,500,000

$369/SF

Building Size

4,055 SF

Asset Type

Retail

Closing

Aug 5, 2020

AI

Located in Highland Park, the retail property at 6126-6130 N. Figueroa St. was recently sold in a transaction. The property measures approximately 4,055 square feet and was sold for a price of $1,500,000, resulting in a price per square foot of $369. The sale took place on 08/05/2021.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $1,500,000
  • Address: 6126-6130 N. Figueroa St.
  • Market: Highland Park

The buyer of the property was Leyla Tahani, while the sellers were Donnalee Warren and Dorothy Whiting. The deal was facilitated by brokers Brad Wetherby, Ryan Serling, and Martin Agnew from Marcus & Millichap.

Players

Martin Agnew

Marcus & Millichap

Broker

$450M

vol

123 deals

Broker

Donnalee Warren

Seller

$5.7M

vol

4 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

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93