Makhani Family Acquires Retail Property In Hollywood For $2.5M
6202 Santa Monica Boulevard, Los Angeles, California 90038, United States
$2,500,000
$833/SF
Building Size
3,000 SF
Asset Type
Retail
Closing
Feb 15, 2022
AI
The retail property located at 6202 Santa Monica Blvd. in Hollywood has been sold in a recent transaction. The property spans 3,000 square feet and was sold for a price of $2,500,000. The sale price per square foot was approximately $833. The transaction took place on 02/16/2022. The buyer of the property is the Makhani Family, while the seller is Greg Morris.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,500,000
- Address: 6202 Santa Monica Blvd.
- Market: Hollywood
- Buyer: Makhani Family
- Seller: Greg Morris
- Broker: Elan Kermani - CityStreet Commercial
Elan Kermani from CityStreet Commercial represented both parties in this transaction.
Players
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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93