Kyle Pari & Michael Pakravan Of Matthews Sell Retail Asset In Los Angeles For $1.471M
SOLD
$1,471,000
California
See Similar DealsRetail1,500 SF
Sold 11/05/2025
SOLD
Kyle Pari & Michael Pakravan Of Matthews Sell Retail Asset In Los Angeles For $1.471M
2819 North Broadway
See Similar DealsRetail1,500 SF
Sold 11/05/2025
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$980
Total Square Footage:1,500 SF
Transaction Type:Sale
The property asset involved in the transaction is located at 2819 North Broadway in Los Angeles, characterized as a retail asset. The sale price was $1,471,000, and it encompasses a total area of 1,500 square feet, resulting in a price per square foot of $980.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,471,000
- Address: 2819 North Broadway
- Market: Los Angeles
- Square Footage: 1,500
- Price Per Square Foot: $980
- Seller's Representatives: Kyle Pari & Michael Pakravan - Matthews
Kyle Pari and Michael Pakravan represented the seller in this transaction, working under Matthews to facilitate the sale of the property. Their involvement in this deal underscores the role of brokerage in effective real estate transactions.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$78,453.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,226.16
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,973.29
Annual Debt Service$83,679.49
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