Dave Ravanshe Purchases Retail Property From Stevan Deck For $3.05 Million In Los Angeles
SOLD
$3,050,000
California
See Similar DealsRetail7,469 SF
Sold 07/31/2025
SOLD
Dave Ravanshe Purchases Retail Property From Stevan Deck For $3.05 Million In Los Angeles
700 North Heliotrope Drive
See Similar DealsRetail7,469 SF
Sold 07/31/2025
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$408
Total Square Footage:7,469 SF
Transaction Type:Sale
The retail property located at 700 North Heliotrope Drive in Los Angeles has been sold for a transaction amount of $3,050,000. The asset encompasses a total square footage of 7,469, resulting in a price per square foot of $408.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,050,000
- Address: 700 North Heliotrope Drive
- Market: Los Angeles
- Square Footage: 7,469
- Price per Square Foot: $408
- Buyer: Dave Ravanshe
- Seller: Stevan Deck
- Buyer's Representative: Jake Zacuto & Justin Kreisberg - Zacuto Group
- Seller's Representative: Mark Sigler - Voit Real Estate Services
Jake Zacuto and Justin Kreisberg from the Zacuto Group represented the buyer in this transaction. Meanwhile, the seller was represented by Mark Sigler from Voit Real Estate Services, facilitating the closure of the deal between Dave Ravanshe and Stevan Deck.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$162,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,836.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,458.56
Annual Debt Service$173,502.67
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