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10905 South Main Street

Updated Dec 4, 2024

Josh Gorokhovsky Of Telos Properties Acquires Development Site In Los Angeles For $820,000
SOLDDevelopment Site

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.

Players

Sandy Cancel

Bay Cities Realty & Mortgage

Broker

$820K

vol

1 deal

Broker

Los Angeles Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Deal FAQ

About $4.1K per unit across 200 units on a published $820K (2024).

Visit Bay Cities Realty & Mortgage to view all their deals.

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

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