Zvi Elat Acquires Retail Property In Los Angeles From Koire Drysdale For $4.15M
727 North La Brea Avenue, Los Angeles, California 90038, United States
$4,150,000
$447/SF
Building Size
9,268 SF
Asset Type
Retail
Closing
Jun 6, 2022
AI
Located at 727 N. La Brea Ave. in Los Angeles, this retail property was recently sold for $4,150,000. The transaction took place on 06/07/2022 and involved a total area of 9,268 square feet. The price per square foot was calculated at $447. The buyer of the property was Zvi Elat, while the seller was Koire Drysdale. The deal was facilitated by William B. Althouse from WESTMAC Commercial Brokerage Company.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $4,150,000
- Square Footage: 9,268
- Price per Square Foot: $447
- Buyer: Zvi Elat
- Seller: Koire Drysdale
- Broker: William B. Althouse - WESTMAC Commercial Brokerage Company
The involvement of William B. Althouse from WESTMAC Commercial Brokerage Company highlights the vital role of a broker in this transaction. Their expertise in the Los Angeles market likely contributed to the successful sale of this retail property. Both the buyer, Zvi Elat, and the seller, Koire Drysdale, can benefit from this deal, securing a valuable asset.
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
3.82%
Cash-on-Cash
-1.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93