Jon Harouni And Brenden Dohs Acquire Development Site In East Hollywood For $5.5M
SOLD
California
See Similar DealsDevelopment Site24,600 SF
Sold 04/16/2020
SOLD
Jon Harouni And Brenden Dohs Acquire Development Site In East Hollywood For $5.5M
104 Normandie Ave, Los Angeles, CA 90004, USA
See Similar DealsDevelopment Site24,600 SF
Sold 04/16/2020
Summary
CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$223
Total Square Footage:24,600 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$293,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67
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