Updated Dec 4, 2024
Josh Gorokhovsky Of Telos Properties Acquires Development Site In Los Angeles For $820,000
10905 South Main Street
$820,000
Units
200
Asset Type
Development Site
Closing
Sep 25, 2024
About this deal
AI
The property asset involved in the transaction is a development site located at 10905 South Main Street, Los Angeles. The sale was completed at a price of $820,000, with a building square footage of 9,000 and a price per building square foot of $91.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $820,000
- Address: 10905 South Main Street
- Market: Los Angeles
- Building Square Feet: 9,000
- Price Per Building Square Foot: $91
- Buyer: Josh Gorokhovsky - Telos Properties
- Broker: Sandy Cancel - Bay Cities Realty & Mortgage
The deal was facilitated by Sandy Cancel from Bay Cities Realty & Mortgage, representing the buyer, Josh Gorokhovsky of Telos Properties. The transaction reflects the buyer's interest in expanding their portfolio within the development market in Los Angeles.
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
19.35%
Cash-on-Cash
-5.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93