Iris Amar Acquires Retail Property At 7619 Melrose Avenue For $2,450,000 With Roger Perry As Buyer's Rep
7619 Melrose Avenue
$2,450,000
$510/SF
Building Size
4,800 SF
Asset Type
Retail
Closing
Mar 18, 2026
AI
The retail asset located at 7619 Melrose Avenue in Los Angeles was sold for a price of $2,450,000. The property encompasses a total area of 4,800 square feet, resulting in a price per square foot of $510.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,450,000
- Address: 7619 Melrose Avenue
- Market: Los Angeles
- Square Footage: 4,800
- Price per Square Foot: $510
- Buyer: Iris Amar
- Seller: Philip Gutt, James F. Gutt, Jeannie Ann Heine & Judith Lorraine Ryckman
- Buyer's Representative: Roger Perry - Rodeo Realty
- Seller's Representative: Zoey Granott - Urbanlime Real Estate
The deal was facilitated by Roger Perry, representing the buyer Iris Amar, and Zoey Granott, representing the sellers Philip Gutt, James F. Gutt, Jeannie Ann Heine, and Judith Lorraine Ryckman, ensuring a completed transaction in the Los Angeles retail market.
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
6.47%
Cash-on-Cash
-1.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93