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772 S. Los Angeles St. Retail Property In Downtown Los Angeles Sells For $5.25M

Property Image
SOLD
$5,250,000
Matthew Luchs
Brandon Michaels
+ 2

California

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Retail17,096 SF
Sold 04/22/2021
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Property Image
SOLD

772 S. Los Angeles St. Retail Property In Downtown Los Angeles Sells For $5.25M

772 South Los Angeles Street, Los Angeles, Ca, Usa

See Similar Deals
Retail17,096 SF
Sold 04/22/2021
Matthew Luchs
Brandon Michaels
+ 2
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$307
Total Square Footage:17,096 SF
Transaction Type:Sale

772 S. Los Angeles St. in Downtown Los Angeles was recently sold for $5,250,000. The property, which is a retail asset, spans a total area of 17,096 square feet. The price per square foot was $307.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $5,250,000
  • Square Footage: 17,096
  • Price per Square Foot: $307
  • Address: 772 S. Los Angeles St.
  • Market: Downtown Los Angeles

The sale of this retail property was facilitated by brokers Brandon Michaels, Matthew Luchs, Andrew Leff, and Ben Brownstein. They represented the parties involved in this closed transaction.

Players

Ben Brownstein
10 deals$40.5M volume(818) 212-2812
BROKER

Brandon Michaels
Marcus & Millichap
138 deals$747.9M volume(818) 292-3175
BROKER

Andrew Leff
The CREM Group
27 deals$100.9M volume
BROKER

Matthew Luchs
Zacuto Group
90 deals$494.5M volume(818) 519-1429
BROKER

Jordan Rubinstein
Century Park Realty
27 deals$220.1M volume
BROKER

Details

SOLD
IMAGE: Brandon Michaels, Matthew Luchs, Andrew Leff & Ben Brownstein DATE: 04/22/2021 ADDRESS: 772 S. Los Angeles St. MARKET: Downtown Los Angeles ASSET TYPE: Retail BROKERS: Brandon Michaels, Matthew Luchs (@MatthewLuchs), Andrew Leff & Ben Brownstein (@BenBrownsteinCRE) (@BrandonMichaelsGroup) SALE PRICE: $5,250,000 SF: 17,096 ~ PPSF: $307

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

$280,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,652.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,887.68
Annual Debt Service$298,652.14