SOLDRetail
Matthew Schreiber Of Foundational Real Estate Purchases Retail Property For $5.25M In Los Angeles
7718 Melrose Avenue
$5,250,000
$852/SF
Building Size
6,160 SF
Asset Type
Retail
Closing
Jun 5, 2026
AI
The property asset involved in this transaction is a retail space located at 7718-7726 Melrose Avenue in the Los Angeles market. The sale was completed for a total of $5,250,000. The asset has a total square footage of 6,160, resulting in a price per square foot of $852.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,250,000
- Address: 7718-7726 Melrose Avenue
- Market: Los Angeles
- Square Footage: 6,160
- Price per Square Foot: $852
- Buyer: Matthew Scheiber - Foundational Real Estate
- Broker: Philip Klaparda - Dembo Realty
Matthew Scheiber, representing Foundational Real Estate, is the buyer in this transaction. The deal was facilitated by broker Philip Klaparda, who is affiliated with Dembo Realty, providing his expertise in the retail market area.
Players
Market 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
3.02%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93