Updated Apr 23, 2026
Ryda Ventures Acquires Retail Property In West Hollywood From Bruce Lohman For $1.85M
7066 Santa Monica Boulevard
$1,850,000
$937/SF
Building Size
1,974 SF
Asset Type
Retail
Closing
Apr 6, 2026
About this deal
AI
This retail property is located at 7066 Santa Monica Boulevard in the West Hollywood market. The asset was sold for a total of $1,850,000, with a square footage of 1,974 and a price per square foot of $937.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,850,000
- Buyer: Ryda Ventures
- Seller: Bruce Lohman
- Brokers: Ty Del Re & Lorena Tomb - Urbanlime Real Estate
The transaction marks a significant milestone as it is the first sale in over 30 years, as noted by the brokers Ty Del Re and Lorena Tomb. The property was sold off market, indicating unique conditions surrounding the deal.
Players
West Hollywood 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
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93