Updated Dec 4, 2024
Joshua Farahi Acquires Development Site In South Los Angeles From Oron Maher
10727 South Central Avenue
$995,000
Building Size
—
Asset Type
Development Site
Closing
Oct 11, 2023
About this deal
AI
A development site located at 10727 South Central Avenue in Los Angeles has been sold for $995,000. The property, known as ED-1 Development Site, is situated in South Los Angeles. The transaction closed at the list price, with Joshua Farahi purchasing the site from Oron Maher.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $995,000
- Buyer: Joshua Farahi
- Seller: Oron Maher
- Buyer's Representative: Filip Niculete, Glen Scher & Jordan Epstein - LAAA Team - Marcus & Millichap
- Seller's Representative: Oron Maher - Maher Commercial Realty
The LAAA Team from Marcus & Millichap, consisting of Filip Niculete, Glen Scher, and Jordan Epstein, represented Joshua Farahi as the buyer in this transaction. On the other hand, Oron Maher, who is also the seller, was represented by Maher Commercial Realty.
On the Map
$995,000
Development Site
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.94%
Cash-on-Cash
-4.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93