Updated Dec 20, 2023
Jon Durfee Acquires Retail Property In Grove Area For $5.2M
7470 Beverly Boulevard, Los Angeles, California 90036, United States
$5,200,000
$881/SF
Building Size
5,900 SF
Asset Type
Retail
Closing
Jun 2, 2022
About this deal
AI
The retail property located at 7470 Beverly Blvd. in the Grove Area has been sold for a total price of $5,200,000. The property spans over 5,900 square feet, resulting in a price per square foot of $881. The transaction took place on 06/03/2022 and was facilitated by Steve Anavim of Conroy Commercial, who represented both the buyer, Jon Durfee, and the seller, Stefan Lawrence.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,200,000
- Address: 7470 Beverly Blvd.
- Market: Grove Area
- SF: 5,900
- PPSF: $881
This successful deal was made possible through the efforts of Steve Anavim, a representative of Conroy Commercial. His expertise and negotiation skills were instrumental in facilitating a smooth transaction between Jon Durfee and Stefan Lawrence.
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
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93