Updated Oct 29, 2024
Always Never LLC Acquires Retail Condo On Melrose Ave For $2.7M
8323 Melrose Avenue, West Hollywood, CA 90069, USA
$2,700,000
$1,363/SF
Building Size
1,980 SF
Asset Type
Retail
Closing
Mar 5, 2020
About this deal
AI
A retail condo located at 8323 Melrose Ave in West Hollywood has been sold. The property was sold for $2,700,000 on March 6, 2020. It spans across 1,980 square feet with a price per square foot of $1,363.64.
Summary of transaction details
- Property Type: Retail Condo
- Transaction Amount: $2,700,000
- Address: 8323 Melrose Ave
- Market: West Hollywood
- Square Footage: 1,980
- Price Per Square Foot: $1,363.64
The buyer of the retail condo is Always Never LLC, while Seymour Properties LLC acted as the seller. The deal was facilitated by brokers Roy Harel, Kara Yu, and Chris Mara from Nublock Partners.
Players
West Hollywood 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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93