Gary Kasabyan & David Tovmasyan Acquire Retail Property On Foothill Blvd In Tujunga For $2.2M
7157 Foothill Boulevard, Tujunga, CA 91042, USA
$2,200,000
$452/SF
Building Size
4,864 SF
Asset Type
Retail
Closing
Dec 1, 2021
AI
Located in Tujunga, the retail property at 7157, 7161 & 7165 Foothill Blvd. has been sold in a recent transaction. The property spans a total of 4,864 square feet and was sold for a price of $2,200,000, resulting in a price per square foot of $452. The transaction took place on December 1, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,200,000
- Address: 7157, 7161 & 7165 Foothill Blvd.
- Market: Tujunga
The buyer of the property is Gary Kasabyan & David Tovmasyan, while the seller is Dave Morelli. The deal was facilitated by Blas Fernandez from Blas Property Group, who represented both parties.
Players
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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93