Updated Sep 9, 2024
Azadeh Allayee Acquires Development Site In Mar Vista For $1.05M
10777 Charnock Rd, Mar Vista, Los Angeles, CA, USA
$1,050,000
$291/SF
Building Size
3,600 SF
Asset Type
Development Site
Closing
Jan 6, 2021
About this deal
AI
A development site located at 10777 Charnock Rd in Mar Vista has been sold for $1,050,000. The property spans 3,600 square feet, resulting in a price per square foot of $291. The transaction took place on January 7, 2021.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,050,000
- Address: 10777 Charnock Rd
- Market: Mar Vista
- Buyer: Azadeh Allayee
- Seller: Andrew Vuong
- Brokers: Michael Fahimian & Jack Harris
- BSF: 3,600
- PPBSF: $291
The sale of the development site was facilitated by brokers Michael Fahimian and Jack Harris. The buyer, Azadeh Allayee, acquired the property from seller Andrew Vuong.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93