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737-747 N Western Ave Retail Property In East Hollywood Sold For $6M By 737-747 N Western Ave LLC

Property Image
SOLD
$6,000,000
Sheena Ghiani
Brandon Michaels
Ben Brownstein

California

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Retail12,870 SF
Sold 12/17/2019
the dealplayerscompscontact
Property Image
SOLD

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

See Similar Deals
Retail12,870 SF
Sold 12/17/2019
Sheena Ghiani
Brandon Michaels
Ben Brownstein
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$466
Total Square Footage:12,870 SF
Transaction Type:Sale

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

Ben Brownstein
Marcus & Millichap
Ben Brownstein
10 deals$40.5M volume(818) 212-2812
BROKER
Brandon Michaels
Marcus & Millichap
Brandon Michaels
138 deals$747.9M volume(818) 292-3175
BROKER
Sheena Ghiani
Compass
Sheena Ghiani
4 deals$20.2M volume(310) 456-4416
BROKER

Details

SOLD
IMAGE: Ben Brownstein @thewittybroker, Brandon Michaels & Sheena Ghiani @sheena_ghiani DATE: 12/17/2019 ADDRESS: 737-747 N Western Ave MARKET: East Hollywood ASSET TYPE: Retail PRICE: $6,000,000 SF: 12,870 PPSF: $466.20 UNITS: 2 PPU: $3,000,000 BUYER: 737-747 N Western Owner LLC SELLER: 737-747 N Western Ave LLC BROKERS: Brandon Michaels, Ben Brownstein, Sheena Ghiani @brandonmichaelsgroup

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$319,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73