facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Retail

/

Sale

/

6334 Laurel Canyon Boulevard

Fahad Davadian Purchases Retail Office Property From Hasan Soroudi For $1.875M In North Hollywood
SOLDRetail

Fahad Davadian Purchases Retail Office Property From Hasan Soroudi For $1.875M In North Hollywood

6334 Laurel Canyon Boulevard & 6226 Vineland Avenue

$1,875,000

$288/SF

Building Size

6,510 SF

Asset Type

Retail

Closing

May 28, 2025

AI

The asset involved in the transaction is a retail/office property located at 6334 Laurel Canyon Boulevard and 6226 Vineland Avenue in North Hollywood. The sale price was $1,875,000, and the property encompasses a total area of 6,510 square feet, resulting in a price per square foot of $288.

Summary of transaction details:

  • Property Type: Retail/Office
  • Transaction Amount: $1,875,000
  • Buyer: Fahad Davadian
  • Seller: Hasan Soroudi
  • Market: North Hollywood
  • Square Footage: 6,510
  • Price per Square Foot: $288
  • Broker Representation: Ethan Donel, Daniel Hirth, and Alex Reyhan - The Hirth Group
  • Closing Date: 05/28/2025

Ethan Donel, Alex Reyhan, and Daniel Hirth of The Hirth Group represented both the seller and buyer in this transaction. The team received strong offers from multiple qualified parties and identified a motivated owner-user buyer. The buyer moved swiftly, securing the deal all-cash with a 30-day close and only a 5-day due diligence period, which is noted as a rare structure in today’s market.

Players

Ethan Donel

The Hirth Group

Broker

$59.8M

vol

25 deals

Broker
The Hirth Group
The Hirth GroupBrokerage

North Hollywood Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.46%

Cash-on-Cash

-2.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93