Aram Avagyan Purchases Retail Asset At 8641 Sepulveda Boulevard From Albert Vartanyan For $5,299,999
8641 Sepulveda Boulevard
$5,299,999
$898/SF
Building Size
5,900 SF
Asset Type
Retail
Closing
Jun 5, 2026
AI
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.
Players
North Hills 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
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93