Daniel Zarosim Sells Retail Property On West 3rd Street In Los Angeles For $4.03M
SOLD
$4,026,000
California
See Similar DealsRetail3,311 SF
Sold 10/31/2022
SOLD
Daniel Zarosim Sells Retail Property On West 3rd Street In Los Angeles For $4.03M
8373 West Third Street
See Similar DealsRetail3,311 SF
Sold 10/31/2022
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1,215
Total Square Footage:3,311 SF
Transaction Type:Sale
The retail property located at 8373-8377 West 3rd Street in Los Angeles, CA has been sold for a total price of $4,026,000. The property spans a total area of 3,311 square feet, resulting in a price per square foot of $1,216.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,026,000
- Property Address: 8373-8377 West 3rd Street, Los Angeles, CA
- Market: Los Angeles, CA
- Broker: Daniel Zarosim - Douglas Elliman
- Square Footage: 3,311
- Price per Square Foot: $1,216
Daniel Zarosim from Douglas Elliman represented the involved parties in this retail property sale transaction.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$214,720.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,303.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,085.29
Annual Debt Service$229,023.53
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