737-747 N Western Ave Retail Property In East Hollywood Sold For $6M By 737-747 N Western Ave LLC
737 North Western Avenue, East Hollywood, Los Angeles, CA, USA
$6,000,000
$466/SF
Building Size
12,870 SF
Asset Type
Retail
Closing
Dec 16, 2019
AI
A retail property located at 737-747 N Western Ave in East Hollywood has been sold for a price of $6,000,000. The property offers a total square footage of 12,870 with a price per square foot of $466.20. It consists of 2 units, making the price per unit $3,000,000. The transaction took place on December 17, 2019.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,000,000
- Address: 737-747 N Western Ave
- Market: East Hollywood
- Square Footage: 12,870
- Price per Square Foot: $466.20
- Number of Units: 2
- Price per Unit: $3,000,000
The buyer for the property is 737-747 N Western Owner LLC, while the seller is 737-747 N Western Ave LLC. The deal was facilitated by brokers Brandon Michaels, Ben Brownstein, and Sheena Ghiani from the Brandon Michaels Group.
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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93