Aram Avagyan Purchases Retail Asset At 8641 Sepulveda Boulevard From Albert Vartanyan For $5,299,999
SOLD
$5,299,999
California
See Similar DealsRetail5,900 SF
Sold 06/05/2026
SOLD
Aram Avagyan Purchases Retail Asset At 8641 Sepulveda Boulevard From Albert Vartanyan For $5,299,999
8641 Sepulveda Boulevard
See Similar DealsRetail5,900 SF
Sold 06/05/2026
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$898
Total Square Footage:5,900 SF
Transaction Type:Sale
The retail property located at 8641 Sepulveda Boulevard in North Hills features a total area of 5,900 square feet. The property was sold for a total transaction amount of $5,299,999, resulting in a price per square foot of approximately $898.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $5,299,999
- Address: 8641 Sepulveda Boulevard
- Market: North Hills
- Square Footage: 5,900
- Price Per Square Foot: $898
- Buyer: Aram Avagyan
- Seller: Albert Vartanyan
- Seller's Representative: Blas Fernandez - IKON Properties
The transaction involved Aram Avagyan as the buyer and Albert Vartanyan as the seller, with Blas Fernandez from IKON Properties representing the seller in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$282,666.61
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,829.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,124.70
Annual Debt Service$301,496.39
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