1035 Venice Blvd Development Site Sold For $6.35M By Mick Moody, Mark Tarczynski & Adam Tischer
SOLD
$6,350,000
California
See Similar DealsDevelopment Site40,292 SF
Sold 11/13/2020
SOLD
1035 Venice Blvd Development Site Sold For $6.35M By Mick Moody, Mark Tarczynski & Adam Tischer
1035 Venice Blvd, Los Angeles, CA, USA
See Similar DealsDevelopment Site40,292 SF
Sold 11/13/2020
Summary
CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$157
Total Square Footage:40,292 SF
Transaction Type:Sale
A development site located at 1035 Venice Blvd. in Los Angeles has been sold for $6,350,000. The property spans 40,292 square feet, resulting in a price per square foot of $157. The transaction took place on November 13, 2020. The sale was facilitated by Mick Moody, Mark Tarczynski, and Adam Tischer.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $6,350,000
- Square Footage: 40,292
- Price per Square Foot: $157
- Date: November 13, 2020
- Address: 1035 Venice Blvd.
- Market: Los Angeles
The sale of this development site on Venice Blvd. in Los Angeles was handled by Mick Moody, Mark Tarczynski, and Adam Tischer. They represented the seller in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$338,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,560.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,102.24
Annual Debt Service$361,226.88
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