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10727 South Central Avenue

Joshua Farahi Acquires Development Site In South Los Angeles From Oron Maher
SOLDDevelopment Site

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

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

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.

Players

Filip Niculete

Marcus & Millichap

Broker

$788.2M

vol

198 deals

Broker
GP
Greenbridge Investment PartnersBuyer

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

15.94%

Cash-on-Cash

-4.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93