Updated Sep 5, 2024
The Shams Family Acquires Development Site On Avalon Boulevard In Los Angeles For $1.45M
10820 Avalon Blvd Los Angeles, CA 90061, USA
$1,450,000
$172/SF
Building Size
8,404 SF
Asset Type
Development Site
Closing
Jul 17, 2023
About this deal
AI
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.
On the Map
$1,450,000
$172/SF
Development Site
View full map
Players
Los Angeles Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Visit Jordan Petito to view all their deals.
Browse California development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93