Jon Harouni And Brenden Dohs Acquire Development Site In East Hollywood For $5.5M
104 Normandie Ave, Los Angeles, CA 90004, USA
$5,500,000
$223/SF
Building Size
24,600 SF
Asset Type
Development Site
Closing
Apr 15, 2020
AI
A development site located at 100 S Normandie, 104 S Normandie, 110 S Normandie, and 118 S Normandie in East Hollywood has been sold for a price of $5,500,000. The property consists of a quadruplex, a duplex, and two single-family residences, with a total building square footage (BSF) of 24,600 and a price per BSF of $223.58.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $5,500,000
- BSF: 24,600
- PPBSF: $223.58
- Units: 1xQuadruplex + 1xDuplex + 2xSFR
The buyer of the property is Jon Harouni and Brenden Dohs. The buyer's representative in the deal is Yohann Bensimon.
Players
Los Angeles Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93