MLB Atelier Acquires Retail Property On North La Cienega Boulevard For $6.125M
SOLD
$6,125,000
California
See Similar DealsRetail5,625 SF
Sold 02/06/2026
SOLD
MLB Atelier Acquires Retail Property On North La Cienega Boulevard For $6.125M
651-653 North La Cienega Boulevard, West Hollywood, Ca, 90069
See Similar DealsRetail5,625 SF
Sold 02/06/2026
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1,088
Total Square Footage:5,625 SF
Transaction Type:Sale
The property asset involved in this transaction is a retail space located at 651-653 North La Cienega Boulevard in West Hollywood. The sale price for the property was $6,125,000, encompassing a total area of 5,625 square feet, which equates to a price per square foot of $1,088.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,125,000
- Square Footage: 5,625
- Price Per Square Foot: $1,088
- Address: 651-653 North La Cienega Boulevard
- Market: West Hollywood
- Buyer: MLB Atelier
- Brokers: T.C. Macker, William Althouse & Woody Cook - WESTMAC Commercial Brokerage Company
The deal was facilitated by brokers T.C. Macker, William Althouse, and Woody Cook, representing the buyer MLB Atelier in this transaction. Their involvement contributed to the successful closure of the purchase in the competitive retail market of West Hollywood.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$326,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,760.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,035.62
Annual Debt Service$348,427.50
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