Gal Samrai Acquires Retail Property On Melrose Avenue In Los Angeles For $1.6M
7515 Melrose Avenue, Los Angeles, CA 90046
$1,600,000
$924/SF
Building Size
1,730 SF
Asset Type
Retail
Closing
Jun 4, 2020
AI
The property involved in the transaction is a retail asset located at 7515 Melrose Avenue in Los Angeles. The property was sold on 06/04/2021.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $1,600,000
- Square Footage: 1,730
- Price Per Square Foot: $924
- Buyer: Gal Samrai
- Seller: Ye Cao
The transaction was facilitated by brokers Elizabeth Clark and Philip Klaparda. Elizabeth Clark, represented the buyer, Gal Samrai, while Philip Klaparda acted as the seller's representative, Ye Cao.
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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93