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727 North La Brea Avenue, L...

Zvi Elat Acquires Retail Property In Los Angeles From Koire Drysdale For $4.15M
SOLDRetail

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.

Players

William Althouse

WESTMAC Commercial Brokerage Company

Broker

$84.4M

vol

13 deals

Broker

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