Updated Dec 21, 2023
Ben Bandarizadeh Acquires Retail Property In Los Angeles For $2.75M
635 North Western Avenue, Los Angeles, CA 90004, USA
$2,750,000
$500/SF
Building Size
5,500 SF
Asset Type
Retail
Closing
Sep 24, 2021
About this deal
AI
The retail property located at 635 N. Western Avenue in Los Angeles has been sold for a total price of $2,750,000. The property spans across 5,500 square feet, resulting in a price per square foot of $500. The sale was facilitated by William B. Althouse, who represented both the buyer, Ben Bandarizadeh, and the sellers, Ken Winett & Stacy Winett.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,750,000
- Address: 635 N. Western Avenue, Los Angeles
- Square Footage: 5,500
- Price Per Square Foot: $500
- Buyer: Ben Bandarizadeh
- Seller: Ken Winett & Stacy Winett
- Broker: William B. Althouse
The successful sale of this retail property was made possible through the representation of William B. Althouse from the agency. Both the buyer, Ben Bandarizadeh, and the sellers, Ken Winett & Stacy Winett, were involved in the transaction. The property offers a total of 5,500 square feet of space at a price of $500 per square foot.
On the Map
$2,750,000
$500/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
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93