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Jeff Lee Acquires Development Site In Miracle Mile For $1.25M

Property Image
SOLD
$1,250,000
Carter Kruse
Jason Tuvia
MA

California

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Development Site8,825 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Jeff Lee Acquires Development Site In Miracle Mile For $1.25M

1009 S Cochran Ave, Central LA, Los Angeles, CA, USA

See Similar Deals
Development Site8,825 SF
Sold
Carter Kruse
Jason Tuvia
MA
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$141
Total Square Footage:8,825 SF
Transaction Type:Sale

Located in Miracle Mile, the development site at 1009 S. Cochran Ave. has been sold in a recent transaction. The property spans 8,825 square feet and is designated for development purposes.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $1,250,000
  • Address: 1009 S. Cochran Ave.
  • Market: Miracle Mile
  • Buyer: Jeff Lee
  • Seller: Marlene Aframian

The deal was facilitated by the brokers Jason Tuvia and Carter Kruse. They played a crucial role in representing the buyer and seller respectively.

NOTE: No additional information is available regarding financing details or any other notable aspects of the transaction.

This transaction demonstrates the active real estate market in Miracle Mile and the interest in development opportunities in the area.

Players

Jason Tuvia
Marcus & Millichap
Jason Tuvia
42 deals$127.3M volume(818) 212-2735
BROKER
Carter Kruse
Marcus & Millichap
Carter Kruse
5 deals$12.2M volume
BROKER
MA
Marlene Aframian
2 deals$3M volume
SELLER

Details

SOLD
IMAGE: Jason Tuvia & Carter Kruse DATE: 03/16/2021 ADDRESS: 1009 S. Cochran Ave. MARKET: Miracle Mile ASSET TYPE: Dev. Site BUYER: Jeff Lee SELLER: Marlene Aframian BROKERS: Jason Tuvia & Carter Kruse SALE PRICE: $1,250,000 BSF: 8,825 ~ PPBSF: $141

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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