Alex Lahijani Acquires Retail Property On Melrose Avenue In Los Angeles For $2.5M
7851 Melrose Avenue, Los Angeles, CA 90046
$2,500,000
$335/SF
Building Size
7,463 SF
Asset Type
Retail
Closing
Sep 15, 2021
AI
7851 Melrose Avenue, a retail property located in Los Angeles, was recently sold in a transaction handled by William B. Althouse of the brokerage firm. The property spans 7,463 square feet and was sold for a price of $2,500,000, resulting in a price per square foot of $334.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,500,000
- Address: 7851 Melrose Avenue
- Market: Los Angeles
Alex Lahijani acted as the buyer in this transaction, while Linda Marden served as the seller. William B. Althouse, from the brokerage firm, represented both parties in the deal.
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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93