Updated Nov 20, 2023
Development Site In West Hollywood, CA Sells For $5.8M
1049 North Martel Avenue, West Hollywood, CA, USA
$5,800,000
$276/SF
Building Size
21,000 SF
Asset Type
Development Site
Closing
Oct 21, 2018
About this deal
AI
A development site located at 1041, 1045, 1049 N Martel in West Hollywood, CA, 90046 was recently sold for a price of $5,800,000. The property spans across 21,000 square feet, resulting in a price per square foot of $276.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $5,800,000
- Square Footage: 21,000
- Price per Square Foot: $276
- Address: 1041, 1045, 1049 N Martel, West Hollywood, CA, 90046
- Market: West Hollywood, CA, 90046
The buyer and seller involved in this transaction have chosen to remain confidential.
Players
West Hollywood 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
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93