Updated Aug 26, 2026
Israel Zenon Villavicencio Acquires Retail Property In North Hollywood For $1.75M With Karl Markarian And Jesse Godinez As Brokers
6331 Colfax Avenue
$1,750,000
$350/SF
Building Size
5,000 SF
Asset Type
Retail
Closing
Aug 12, 2026
About this deal
AI
The property asset is a retail space located at 6331 Colfax Avenue in North Hollywood. The transaction concluded with a sale price of $1,750,000 for a total area of 5,000 square feet, resulting in a price per square foot of $350.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,750,000
- Address: 6331 Colfax Avenue
- Market: North Hollywood
- Square Footage: 5,000
- Price per Square Foot: $350
- Buyer: Israel Zenon Villavicencio
- Seller: Erick Lee La Marsna
- Brokers: Karl Markarian - eXp World Holdings
- Brokers: Jesse Godinez - Exp Commercial
Karl Markarian from eXp World Holdings and Jesse Godinez from Exp Commercial represented the parties involved in this retail transaction, facilitating the deal between the buyer, Israel Zenon Villavicencio, and the seller, Erick Lee La Marsna.
On the Map
$1,750,000
$350/SF
Retail
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Players
North Hollywood 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
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93