Ara Bekmezian & Garo Bedrossian Acquire Development Site In Tujunga For $1.275M
10154 Hillhaven Avenue, Sunland-Tujunga, California 91042, United States
$1,275,000
$52/SF
Building Size
24,500 SF
Asset Type
Development Site
Closing
Apr 10, 2022
AI
A development site located at 10154 Hillhaven Ave in Tujunga has been sold. The property was acquired by Ara Bekmezian and Garo Bedrossian from Jora Karimi and Karineh Hatoomian. The sale was facilitated by Raffi Soualian and Taline Soualian of JohnHart Real Estate, representing the buyers, and Andy C. Kawatra, Filip Niculete, and Glen Scher of Marcus & Millichap, known as the LAAA Team, representing the sellers. The transaction took place on 04/11/2022.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,275,000
- Address: 10154 Hillhaven Ave
- Market: Tujunga
The development site has a building square footage (BSF) of 24,500, resulting in a price per building square footage (PPBSF) of $52.
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
12.44%
Cash-on-Cash
-3.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93