Brennen Hakimian Acquires Development Site In Westwood For $3.53M
10978 Wilkins Ave, Westwood, Los Angeles, CA, USA
$3,530,000
$160/SF
Building Size
22,000 SF
Asset Type
Development Site
Closing
Jul 27, 2020
AI
Located in Westwood, the development site at 10978 Wilkins Ave was sold on July 28, 2020. The property, zoned as R4-1L, offers a total of 22,000 square feet of space. The transaction was handled by Brennen Hakimian, who purchased the site for a total price of $3,530,000 from the Temkin Family. The sale was facilitated by broker Michael Monempour.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $3,530,000
- Built Square Footage: 22,000
- Price per Built Square Foot: $160
- Address: 10978 Wilkins Ave
- Market: Westwood
With Brennen Hakimian as the buyer and the Temkin Family as the seller, the sale of the development site at 10978 Wilkins Ave showcases a successful real estate transaction in Westwood. The deal was facilitated by Brennen's representative, Michael Monempour.
Players
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
4.49%
Cash-on-Cash
-1.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93