Updated Oct 29, 2024
7410-7420 Melrose Ave Retail Property Sold For $6.1M By Buyer 7410 Melrose Avenue, LLC And Seller Edmisten Family Trust, LP And Broker William Althouse
7420 Melrose Avenue, Los Angeles, CA, USA
$6,100,000
$657/SF
Building Size
9,275 SF
Asset Type
Retail
Closing
Aug 26, 2019
About this deal
AI
A retail property located at 7410-7420 Melrose Ave was recently sold for a price of $6,100,000. The property spans approximately 9,275 square feet and has around 120 feet of frontage on Melrose Avenue. It generated multiple offers during the sale process.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,100,000
- Address: 7410-7420 Melrose Ave
- Square Footage: 9,275
- Buyer: 7410 Melrose Avenue, LLC
- Seller: Edmisten Family Trust, LP
- Brokers: William Althouse @william_althouse
The buyer of the property was 7410 Melrose Avenue, LLC. The seller in this transaction was the Edmisten Family Trust, LP. William Althouse, from the agency @william_althouse, represented the parties involved in the deal.
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Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93