The Shams Family Acquires Development Site On Avalon Boulevard In Los Angeles For $1.45M
SOLD
$1,450,000
California
See Similar DealsDevelopment Site8,404 SF
Sold 07/17/2023
SOLD
The Shams Family Acquires Development Site On Avalon Boulevard In Los Angeles For $1.45M
10820 Avalon Blvd Los Angeles, CA 90061, USA
See Similar DealsDevelopment Site8,404 SF
Sold 07/17/2023
Summary
CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$172
Total Square Footage:8,404 SF
Transaction Type:Sale
The development site located at 10820 Avalon Boulevard in Los Angeles has been sold for $1,450,000. The property spans 8,404 square feet, resulting in a price per square foot of $173. The transaction took place on July 17, 2023.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,450,000
- Square Footage: 8,404
- Price Per Square Foot: $173
- Address: 10820 Avalon Boulevard
- Market: Los Angeles
The buyer of the property was The Shams Family, while the seller was David Mazza. Jordan Petito from Keller Williams Beverly Hills acted as the broker in the deal.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$77,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,151.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,873.74
Annual Debt Service$82,484.88
Is there something missing? Send suggestions