MLB Atelier Acquires Retail Property On North La Cienega Boulevard For $6.125M
651-653 North La Cienega Boulevard, West Hollywood, Ca, 90069
$6,125,000
$1,088/SF
Building Size
5,625 SF
Asset Type
Retail
Closing
Feb 6, 2026
AI
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.
Players
West 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
2.59%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93