Updated Sep 9, 2024
Djamshid Shabani Sells East Hollywood Retail Property For $1.8M
860 North Vermont Avenue, Los Angeles, CA 90029, USA
$1,800,000
$450/SF
Building Size
4,000 SF
Asset Type
Retail
Closing
May 3, 2021
About this deal
AI
Located in East Hollywood, the retail property at 860-864 N. Vermont Ave. has been sold for $1,800,000. The property spans 4,000 square feet with a price per square foot of $450. The sale took place on May 3, 2021.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,800,000
- Square Footage: 4,000
- Price per Square Foot: $450
- Address: 860-864 N. Vermont Ave.
- Market: East Hollywood
Djamshid Shabani was the seller of the property. The deal was facilitated by brokers Brandon Michaels, Matthew Luchs, and Andrew Leff.
Players
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Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93